Is Behavioral Economics Doomed? The Ordinary versus the Extraordinary - cover image

Copyright

David K. Levine

Published On

2012-09-17

ISBN

Paperback978-1-906924-92-8
Hardback978-1-906924-93-5
PDF978-1-906924-94-2
HTML978-1-80064-448-9
EPUB978-1-906924-95-9
MOBI978-1-906924-96-6

Language

  • English

Print Length

152 pages (ix + 143)

Dimensions

Paperback156 x 8 x 234 mm(6.14" x 0.33" x 9.21")
Hardback156 x 10 x 234 mm(6.14" x 0.38" x 9.21")

Weight

Paperback494g (17.43oz)
Hardback867g (30.58oz)

Media

Illustrations14
Tables29

OCLC Number

849917882

LCCN

2019467805

BIC

  • KCC

BISAC

  • BUS044000
  • BUS069030

LCC

  • HB74.P8

Keywords

  • Economics
  • Microeconomics
  • Economic models
  • Economic theory
  • Game theory
  • Rationality
  • Psychology
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Is Behavioral Economics Doomed?

The Ordinary versus the Extraordinary

  • David K. Levine (author)
It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics—an effort to incorporate psychological ideas into economics—has become all the rage. This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine’s book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics.

Contents

Introduction

  • David K. Levine
https://doi.org/10.11647/obp.0021.01

Does Economic Theory Work?

  • David K. Levine
https://doi.org/10.11647/obp.0021.02

Why Is The World So Irrational?

  • David K. Levine
https://doi.org/10.11647/obp.0021.03

Does Economic Theory Fail?

  • David K. Levine
https://doi.org/10.11647/obp.0021.04

You Can Fool Some Of The People...

  • David K. Levine
https://doi.org/10.11647/obp.0021.05

Behavioral Theories I: Biases and Irrationality

  • David K. Levine
https://doi.org/10.11647/obp.0021.06

Behavioral Theories II: Time and Uncertainty

  • David K. Levine
https://doi.org/10.11647/obp.0021.07

Learning and Friends

  • David K. Levine
https://doi.org/10.11647/obp.0021.08

Conclusion: Psychology, Neuroscience and Economics

  • David K. Levine
https://doi.org/10.11647/obp.0021.09

Conclusion: Psychology, Neuroscience and Economics

  • David K. Levine
https://doi.org/10.11647/obp.0021.10

Contributors

David K. Levine

(author)
Joint Chair in Economics at European University Institute