Handbook Of Contemporary Behavioral Economics: Foundations And Developments

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This handbook is a collection of the original works of the leading behavioural economists in the field. It is the first comprehensive volume on the behavioral economic theory, and provides a revealing view of how economic decisions are actually made by individuals. The text shows how the behavior of the individuals depends on psychological, institutional, cultural and even biological considerations. For example, it is interesting (and revealing) to know that tipping in restaurants alone in USA amounts to $ 21 billion a year! The text is supplemented by extensive references. There are thirty-six papers in the handbook giving different perspectives on the subject. It is a pathbreaking handbook of original works taking inspiration and the findings from different subjects like psychology, sociology, political science, biology and law. Table of Contents List of Tables and Figures Introduction by Morris Altman Part 1: INSIDE THE ECONOMIC AGENT 1. Inside Economic Man: Behavioral Economics and Consumer Behavior 2. Physiology and Behavioral Economics: The New Findings from Evolutionary Neuroscience 3. Intuition in Behavioral Economics 4. Introspective Economics: Broadening Psychology’s Reach 5. Integrating Emotions into Economic Theory 6. On the Economics of Subselves: Toward a Metaeconomics Part 2: CONTEXT AND MODELING 7. What a Difference an Assumption Makes: Effort Discretion, Economic Theory, and Public Policy 8. Group Selection and Behavioral Economics 9. Beliefs in Behavioral and Neoclassical Economics 10. Reclaiming Moral Sentiments: Behavioral Economics and the Ethical Foundations of Capitalism 11. Bounded Rationality: Two Interpretations from Psychology 12. Behavioral Versus Neoclassical Economics: Paradigm Shift or Generalization? 13. Organizational Capital and Personal Capital: The Role of Intangible Capital Formation in the Economy Part 3: DECISION MAKING 14. How to Do As Well As You Can: The Psychology of Economic Behavior and Behavioral Ecology 15. Discounting, Self-Control, and Saving 16. Rational Choice Theory Versus Cultural Theory: On Taste and Social Capital 17. Deliberation Cost as a Foundation for Behavioral Economics 18. In-Depth Interviews as a Means of Understanding Economic Reasoning: Decision Making as Explained by Business Leaders and Business Economists Part 4: EXPERIMENTS & IMPLICATIONS 19. Classroom Experiments in Behavioral Economics 20. A Behavioral Approach to Distribution and Bargaining 21. The Context, or Reference, Dependence of Economic Values: Further Evidence and Some Predictable Patterns 22. Experiments and Behavioral Economics Part 5: LABOR-RELATED ISSUES 23. Behavioral Labor Economics 24. Hours of Labor Supply: A More Flexible Approach Part 6: GENDER & DECISION MAKING 25. Chicks, Hawks, and Patriarchal Institutions 26. Economic Decisions in the Private Household Part 7: LIFE AND DEATH 27. A Prolegomenon to Behavioral Economic Studies of Suicide 28. Rational Health-Compromising Behavior and Economic Intervention Part 8: TAXATION, ETHICAL INVESTMENT, AND TIPPING 29. Taxation and the Contribution of Behavioral Economics 30. Ethical Investing: Where Are We Now? 31. Tipping in Restaurants and Around the Globe: An Interdisciplinary Review Part 9: DEVELOPMENT, BEHAVIORAL LAW, AND MONEY 32. Economic Development, Equality, Income Distribution, and Ethics 33. Insufficient Social Capital and Economic Underdevelopment 34. Behavioral Law and Economics: An Introduction 35. Elements of Behavioral Monetary Economics 36. Behavioral Finance About the Editor and Contributors Index