Behavioral Economy Method Impacts Productivity

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Behavioral Economy Method Impacts Productivity

Johnny Ch LOK
Behavioral Economy Method Impacts Productivity Book PDF

Author : Johnny Ch LOK
Publisher : Unknown
Page : 542 pages
File Size : 54,7 Mb
Release : 2019-07-05
Category : Electronic
ISBN : 1078280975

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Behavioral Economy Method Impacts Productivity by Johnny Ch LOK Pdf

This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors.In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit.In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product.In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.On part three, This first part explains how and why time pressure will influence marketing behavior. I shall indicate some service and product case to explain what the time pressure consumption environment can influence consumer decision making. I also indicate some large international organizations to explain how and why consumers will feel time pressure to influence their consumption behaviors. This second part explains how and why time pressure will influence employees feel that they need learn how to change their working behavior in order to adapt their working pressure environment.

Behavioral Economic Method Predicts Consumer And

Johnny Ch Lok
Behavioral Economic Method Predicts Consumer And Book PDF

Author : Johnny Ch Lok
Publisher : Unknown
Page : 408 pages
File Size : 55,9 Mb
Release : 2019-10-05
Category : Electronic
ISBN : 1697695523

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Behavioral Economic Method Predicts Consumer And by Johnny Ch Lok Pdf

Can bonus method encourage service performance to be raised ?In service job nature of bonus method can also raise employees' overall productivities or service performance. For example, when employees got a provisional bonus before the start of the workweek, but were warned that they would lose it on payday, unless they achieve the productivities or excellent service performance norm, they worked more productivities or let many clients to satisfy their service performance. Hence, managers can achieve bonus plan to compensate any excellent productivity or excellent services to them. Then, they can let clients to feel their service performance more satisfactory than employees of a control group who were merely given the standard promise to receive a bonus upon achieving the norm.The effort was relatively small, however, productivity grew 1%. Interestingly, the effect of a loss was stronger when how teams were rewarded this way, social pressure came to bear on the less productivity team members. When the team members won't earn any bonus. So, long-term productivity gains were achieved through bonuses paid by excellent performance compensation method to compare to low service performance employees receiving no bonuses at all.Economic views of human motivation natureThere are only two main types of economic actors and by making simplifying assumptions about how these types of actors behave and interact. The two basic sets of actors in this model are firms, which are assumed in this model are firms, which are assumed to maximize their profits from producing and selling products and services, households, which are assumed to maximize their utility ( or satisfaction) from consuming products and services.It seems any employees will choose to do behaviors to achieve to earn much benefits from their organizations. The models of economic behaviors that consider considerate employees' choice of goals, the actions they take to achieve these goals and the limitations and influences that affect their choices and actions.For university students choose which universities to study case, suppose that any college enrollment students are deciding which courses to study. Thus, it implies that if the university can provide many different kinds of suitable or right courses to any college enrollment students to choose to study. It means that if the university can provide many different kinds of courses to enrollment students to choose to study. Then, it will have much chance to attract enrollment students to choose this university to study. It's competition can be raised by many courses choice factor. but, in fact, it is not absolute right, although the university can provide many courses to provide to enrollment students to choose to study. But, it is not guarantee to represent it must attract many students to enroll this university to study. For example, suppose that college enrollment students are deciding which courses to choose to study. Although, it has right course to prepare to these enrollment students to choose to study. But, they see a summary of evaluations from hundreds of other students indicating that a certain course is very good in this university. Then, suppose that they match a video interview of just one student to give a negative review of this university of the course. Even when students were told in advance that such a negative review was worse to this university of the course. They tended to be more influenced by the negative review than the summary of hundreds of evaluations, even although such behavior seems irrational. Hence, although many right courses choice has much chance to attract students to enroll this university to study. But, if its bad educational quality from this course from negative review factor, which will influence the enrollment students number to be reduced.

Behavioral Economic Method Solves Organizational Consumption And Productivity Ch

Johnny Ch lok
Behavioral Economic Method Solves Organizational Consumption And Productivity Ch Book PDF

Author : Johnny Ch lok
Publisher : Createspace Independent Publishing Platform
Page : 440 pages
File Size : 43,8 Mb
Release : 2018-06-02
Category : Electronic
ISBN : 1720687110

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Behavioral Economic Method Solves Organizational Consumption And Productivity Ch by Johnny Ch lok Pdf

This book researchs this question: (1) Does behavioral economy method and psychology method have similar characteristic to predict tranportation, education, environment protection product and entertainment theme park visitor consumption behaviors? This book is concerned how to apply behavioral economy method to predict consumer behavior. Also I shall compare to explain what advantages and disadvantages between any one of my solvable suggestions and the any one of the company's choice of solvable method to these any one sample industry consumer behavioral economic challenges to aim to let any reader to judge whether how to choose the solvable method is better.

Behavioral Economic Method Solves Consumption and Productivity Challenges ?

Johnny Ch lok
Behavioral Economic Method Solves Consumption and Productivity Challenges Book PDF

Author : Johnny Ch lok
Publisher : Createspace Independent Publishing Platform
Page : 150 pages
File Size : 40,7 Mb
Release : 2018-06-02
Category : Electronic
ISBN : 1720683239

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Behavioral Economic Method Solves Consumption and Productivity Challenges ? by Johnny Ch lok Pdf

This book researches this question? (1) Can apply mirco or macro economic methods to raise productivity and consumer numbers? Behavioral economics can provide more realistic psychological foundations. This book is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, application, and promising new directions. In my book, it shall indicate how the process of behaviour economic field develops, then I shall show what methods are used to measure behavioural economy.

Behavioral Economic Method Solves Organizational Consumption and Productivity

Johnny Ch Lok
Behavioral Economic Method Solves Organizational Consumption and Productivity Book PDF

Author : Johnny Ch Lok
Publisher : Createspace Independent Publishing Platform
Page : 440 pages
File Size : 42,5 Mb
Release : 2018-05-25
Category : Electronic
ISBN : 1720346186

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Behavioral Economic Method Solves Organizational Consumption and Productivity by Johnny Ch Lok Pdf

The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.

Behavioral Economic Method Solves Organizational Consumption

Johnny Ch LOK
Behavioral Economic Method Solves Organizational Consumption Book PDF

Author : Johnny Ch LOK
Publisher : Unknown
Page : 403 pages
File Size : 45,5 Mb
Release : 2018-05-18
Category : Electronic
ISBN : 1982933194

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Behavioral Economic Method Solves Organizational Consumption by Johnny Ch LOK Pdf

⦁ How to apply behavioral economic method to predict labor market changing behavior? Instead of applying behavioral economic method to predict every consumer individual consumption effort. Behavioral economic method can be also be applied to predict every country's labor market changing behavior. Particularly, how salary clerical workers or low wage labor workers should move from one type of job to another based on these factors. They include as below:Their intrinsic motivation and how their levels of effort would change after this movement, investigates the effects of income security on social perferences in labor market changing behavior, and how cooperation in social contribution is affected when income security is guaranteed, how to predict the role of positional externalities on conspicuous consumption and how would change the incentive to influence consumption. So, it seems that general labor market job changing behaviors will not influenced by external economic environment better or worse changing factor, or salary changing factor etc. different environmental condition changing factors influence to employees' job changing. Generally, employee's job changing behavior is more influenced to persuade who changes job by himself/herself intrinsic motivation negative emotion influence mainly. How to apply motivation crowding theory to predict labor productivity? One of the main challenges of economic theory is to find what are the optimal incentives that increase productivity of labors. The standing point is usually extrinsic incentive be it is form of monetary compensations for high effort or fine for low effort. It is a kind method of reward or punishment to increase or decrease number of productivity to every labor. But it can only raise short term number of productivity in possible and it can not guarantee high quality of productivity. So if one employer wants a labor to do more of an activity or with a higher quality, consider paying the labor for working hard on punishing whom if for providing a low level effort. This idea is that people do not like to work, and therefore they used some sort of compensation for doing a specific activity, and that the more they are paid the harder, they will work. So, payment better compensation is only beneficial to encourage labors to do one specific task or activity in short term. This method can not be suitable to rise long term beneficial productivity and high level quality of production or excellent performance in long term and it can only keep in short term raising productivity and high level quality of production or excellent perofrmance benefits. Consider paying the labor for working hard on punishing whom if for providing a low level effort. This idea is that people do not like to work, and therefore they used some sort of compensation for doing a specific activity, and that the more they are paid the harder they will work. So, payment better compensation is only beneficial to encourage labors to do one specific task or activity in short term. This method can not be suitable to raise long them beneficial productivity and high quality of products. However, economists would argue that, is a labor has high intrinsic motivative to perform a task, who will provide a high level of effort without compensation by himself/herself but an even higher level of effort of whom is compensated. If a labor does not have any intrinsic motivation to perform a task or an activity, who will provide no effort or a low effort of whom. There is no compensation, but who will increase this level of effort of an extrinsic incentive is implemented.

Economy and Marketing and Organizational Behavior Cases Studies

Johnny Ch LOK
Economy and Marketing and Organizational Behavior Cases Studies Book PDF

Author : Johnny Ch LOK
Publisher : Independently Published
Page : 562 pages
File Size : 55,8 Mb
Release : 2018-04-14
Category : Electronic
ISBN : 1980830177

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Economy and Marketing and Organizational Behavior Cases Studies by Johnny Ch LOK Pdf

The first part, I shall explain what the labour economy concept is. I shall indicate evidences to give my reasons to predict knowledgeable jobs, such as online office workers, online freelance electronic book authors, online survey researcher, online business researcher etc. internet channel office jobs which will be caused popularly in the future. So, I shall indicate why employers need to concern this online job issue because nowadays employees prefer to work free time and no overtime often. Then, I shall indicate why employers need to concern labor ethic issue and how it can improve the absolute living standard to reduce poor occurrence. I shall indicate some developed countries, e.g. America, England etc. countries and some developing countries, e.g. China and Hong Kong. To give reasons to indicate why this countries' economy growth can not improve the low income level householders living standard in fact. Moreover, I also indicate one economy method to recommend how governments can use this policy to attempt to improve the low income level householder living of standard more accurately to assist employers to raise productivity indirectly.Finally, I shall explain why employers ought to consider the ethics to labor to judge whether how to do right decisions to keep the fairness productivity and the welfare and benefits to whose employees. I also indicate why labor ethics and productivity and even economic growth which has close relationship, so why economists and employers who need to concern ethics to labor to judge to make any social benefits of decisions. Finally, I shall give economic concepts and assumptions to let readers to judge how to do connect moral behavior when to decide labor welfare and raising productivity. It is suitable to any economists or employers who have need to learn how to do the right behavior to satisfy whose employees' emotion to raise productivity. How behavioral economics can provide more realistic psychological foundations. This book is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, application, and promising new directions. I shall explain how the process of behavior economic field develops, then I shall show what methods are used to measure behavioral economy. Next, I shall indicate what the main two categories of behavioral economy are as well as I shall explain what risky and uncertain outcomes of individual behavior economic theories are as well as what behavioral game theory is. Finally, I shall explain behavioral economic principles of policy makers or decision makers as well as I shall also analyze whether behavioral economy and psychology which has close relationship. This book is suitable to any economists or policy makers or individual consumption makers or students or working people who have interest learn how to apply behavioral economy to judge to do the most reasonable or the most right economic activities in everyday life. The end, I shall apply above mentions to explain what the differences are between labor economy and behavioral economy clearly. This book is suitable to any students, labor or behavioral economists, employers and employees to read. I also hope you can learn more new and unique economic knowledge to assist your economic research in the future.

Behavioral Economic Method Solves Organizational Consumption and Productivity

Johnny Ch Lok
Behavioral Economic Method Solves Organizational Consumption and Productivity Book PDF

Author : Johnny Ch Lok
Publisher : Unknown
Page : 150 pages
File Size : 54,9 Mb
Release : 2018-05-26
Category : Electronic
ISBN : 1983003565

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Behavioral Economic Method Solves Organizational Consumption and Productivity by Johnny Ch Lok Pdf

The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.

Behavioral Predictive Modeling in Economics

Songsak Sriboonchitta,Vladik Kreinovich,Woraphon Yamaka
Behavioral Predictive Modeling in Economics Book PDF

Author : Songsak Sriboonchitta,Vladik Kreinovich,Woraphon Yamaka
Publisher : Springer Nature
Page : 445 pages
File Size : 54,7 Mb
Release : 2020-08-05
Category : Technology & Engineering
ISBN : 9783030497286

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Behavioral Predictive Modeling in Economics by Songsak Sriboonchitta,Vladik Kreinovich,Woraphon Yamaka Pdf

This book presents both methodological papers on and examples of applying behavioral predictive models to specific economic problems, with a focus on how to take into account people's behavior when making economic predictions. This is an important issue, since traditional economic models assumed that people make wise economic decisions based on a detailed rational analysis of all the relevant aspects. However, in reality – as Nobel Prize-winning research has shown – people have a limited ability to process information and, as a result, their decisions are not always optimal. Discussing the need for prediction-oriented statistical techniques, since many statistical methods currently used in economics focus more on model fitting and do not always lead to good predictions, the book is a valuable resource for researchers and students interested in the latest results and challenges and for practitioners wanting to learn how to use state-of-the-art techniques.

Handbook of Behavioral Economics - Foundations and Applications 1

Anonim
Handbook of Behavioral Economics Foundations and Applications 1 Book PDF

Author : Anonim
Publisher : Elsevier
Page : 748 pages
File Size : 53,5 Mb
Release : 2018-09-27
Category : Business & Economics
ISBN : 9780444633897

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Handbook of Behavioral Economics - Foundations and Applications 1 by Anonim Pdf

Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics

Raising Labor Productivity Methods

Johnny Ch LOK
Raising Labor Productivity Methods Book PDF

Author : Johnny Ch LOK
Publisher : Unknown
Page : 79 pages
File Size : 53,5 Mb
Release : 2018-10-11
Category : Electronic
ISBN : 1728689376

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Raising Labor Productivity Methods by Johnny Ch LOK Pdf

Finally, I shall explain why employers ought to consider the ethics to labor to judge whether how to do right decisions to keep the fairness productivity and the welfare and benefits to whose employees. I also indicate why labor ethics and productivity and even economic growth which has close relationship, so why economists and employers who need to concern ethics to labor to judge to make any social benefits of decisions. Finally, I shall give economic concepts and assumptions to let readers to judge how to do connect moral behavior when to decide labor welfare and raising productivity. It is suitable to any economists or employers who have need to learn how to do the right behavior to satisfy whose employees' emotion to raise productivity. How behavioral economics can provide more realistic psychological foundations. This book is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, application, and promising new directions. I shall explain how the process of behavior economic field develops, then I shall show what methods are used to measure behavioral economy. Next, I shall indicate what the main two categories of behavioral economy are as well as I shall explain what risky and uncertain outcomes of individual behavior economic theories are as well as what behavioral game theory is. Finally, I shall explain behavioral economic principles of policy makers or decision makers as well as I shall also analyze whether behavioral economy and psychology which has close relationship. This book is suitable to any economists or policy makers or individual consumption makers or students or working people who have interest learn how to apply behavioral economy to judge to do the most reasonable or the most right economic activities in everyday life. The end, I shall apply above mentions to explain what the differences are between labor economy and behavioral economy clearly. This book is suitable to any students, labor or behavioral economists, employers and employees to read. I also hope you can learn more new and unique economic knowledge to assist your economic research in the future.I shall explain what the concept is that behavioral economics can provide more realistic psychological foundations. This book is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, application, and promising new directions.In second part, it shall indicate how the process of behaviour economic field develops, then I shall show what methods are used to measure behavioural economy. Next, I shall indicate what the main two categories of behavioural economy are as well as I shall explain what risky and uncertain outcomes of individual behavior economic theories are as well as what behavioral game theory is. Finally, I shall explain behavioral economic principles of policy makers or decision makers as well as I shall also analyze whether behavioral economy and psychology which has close relationship. This book is suitable to any economists or policy makers or individual consumption makers or students or working people who have interest learn how to apply behavioural economy to judge to do the most reasonable or the most right economic activities in everyday life.In third part, I shall let reader can learn how to use policy to solve economic challenges. I shall analyse the processes from this aspects. Such as, human development policy, tax policy, educational development policy, national environment protection policy, regulatory management policy, private investment encouragement policy, behavioral economy and psychology leadership policy. I also indicate example and cases to explain why these policies can be applied to assist economic growth to any countries for long term.

Behavioral Economy Method Solves Consumption and Productivity Challenges

Johnny Ch LOK
Behavioral Economy Method Solves Consumption and Productivity Challenges Book PDF

Author : Johnny Ch LOK
Publisher : Unknown
Page : 744 pages
File Size : 47,7 Mb
Release : 2018-05-20
Category : Electronic
ISBN : 1982947535

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Behavioral Economy Method Solves Consumption and Productivity Challenges by Johnny Ch LOK Pdf

Economists aim to develop models of human behavior and interactions in consumption markets. But consumers behave in complex ways, such as how to predict consumers to make rational decisions in consumption processes. Moreover, self-consumption control and motivation can vary significantly across different individual consumer. In order to build useful consumption prediction models, economists make simplifying assumptions, aims to predict how to raise stable basic income consumer target group consumption more success. However, behavioral economy method is one kind of accurate consumption prediction method. It can be applied to predict economic decision-making to every consumer consumption choice more accurate raising whose consumption desire? I shall indicate how to apply different behavioral economy methods to raise stable basic stable income target consumer group consumption desire in these different consumption situation ( consumption environment) aspects as below:1. Stable basic stable income consumer group consumption great or small amount desire The consumption of products and services is a fundamental part of consumer's welfare. Basically, every one who has stable basic stable income, who will like to consume any products and services. Even, consumption great or small amount desire won't be depended on whether the person whose income is more or less. It means low income level of people will still like to consume great amount to buy expensive products or consume expensive services, because consumption is human's part of life and basic needs. This stable basic income people will like to consume, because they have stable income source when they do not worry about unemployment occurrence to cause them have no enough money to support their life. Otherwise, non-stable basic stable income people won't like to consume because they feel they have no stable basic income source to support their life and they will worry about unemployment occurrence any time. Hence, stable basic income people will have more consumption desire to compare non-stable basic stable income people in any countries usually. Behavioral economic method indicates they feel their economic benefits will be loss if they planned to buy any products or consume any services easily. So, they prefer to save money in bank more than consumption.

Behavioral Economics for Leaders

Matthias Sutter
Behavioral Economics for Leaders Book PDF

Author : Matthias Sutter
Publisher : John Wiley & Sons
Page : 263 pages
File Size : 50,7 Mb
Release : 2023-01-05
Category : Business & Economics
ISBN : 9781119982975

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Behavioral Economics for Leaders by Matthias Sutter Pdf

Every leader should know the surprising research and strange conclusions of behavioral economics--for fairness, teamwork and productivity You and your colleagues don’t always make rational decisions. Sometimes that's a problem that leaders must address, and and sometimes that can be a good thing--when employees put their colleagues interests ahead of their own. Dr. Matthias Sutter, a leading economist from Germany's world-renowned Max Planck Institute explains the latest surprising insights based on behavioral economics research. The book explains how people tick, how they react to incentives (monetary or non-monetary in nature) and what that means for working together—or against each other—at work. Dr. Sutter summarizes new and classic behavorial science research that applies the everyday business world, so leaders can improve teams and organizations, the research-based way. Find out which factors are important for professional success, from career entry to senior management. Start your career on the right footing, advance quicker, and strategize how to meet your goals Understand what’s holding your colleagues back from productivity and implement evidence-based changes Identify hidden biases in yourself and others to overcome inequalities and inefficiencies Become a better leader and decision-maker by learning to interpret people’s actions Individuals, organizations, and teams will benefit from the often-counterintuitive wisdom in this book. Based on the author’s 20 years of research—plus the findings of the world’s top behavioral economists—Behavioral Economics for Leaders can help you get your team and your organization where you want to lead it.

How Behavioral Economic Method Explains and Predicts

Johnny Ch LOK
How Behavioral Economic Method Explains and Predicts Book PDF

Author : Johnny Ch LOK
Publisher : Unknown
Page : 523 pages
File Size : 42,8 Mb
Release : 2019-06
Category : Electronic
ISBN : 1071187171

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How Behavioral Economic Method Explains and Predicts by Johnny Ch LOK Pdf

Will one consumer feel difficult to make consumption choice or one employee feel pressure to work when the worker works in the company's high pressure productive environment or the consumer makes difficult purchase choice in high pressure consumption environment? Will time pressure bring motivation to the consumer purchase decision or the employee working efficiency? It depends on some factors to either cause time pressure working environment or raise the employee individual efficiency , or time pressure consumption environment can either encourage the consumer purchase decision or discourage the consumer purchase decision . I shall explain as below:What does efficiency mean? Due to economic problem is a scarcity of resource, efficiency is concerns with the optimal production, consumption environment. For time pressure consumption situation example, e.g. supermarket shopping counter check out purchase queue waiting time pressure, cinema purchase ticket queue waiting time pressure, restaurant queue waiting booking table time pressure etc. different consumption pressure time waiting situation. For time pressure woring situation example, e.g. supervisor's demand tasks finishing on time before the employee leaves the office on the day, then the supervisor's demand will cause the employee feels time pressure to do all tasks on time, otherwise, he needs to work overtime, even no extra allowance compensation to his extra time loss, or the employee needs to do another employee's tasks , due to he is absent on the day. However, this situation can be called economically efficient production or consumption if: no one can be worse off, no additional output can be obtained, without increasing the amount of inputs, production proceeds at the lowest possible per unit cost. For these economic efficient consumption situation example, the consumer has much time to wait, the shop has less different styles of products to let them to spend time to choose in the shop's shelf. However, these definitions of efficiency are not exactly equivalent, but all they are caused by the idea that a system is efficient if nothing more than be achieved given the resources available. On time pressure working environment influence aspect, Time pressure working environment may bring efficiency, but time pressure working environment may also bring inefficiency, e.g. employing workers who are not necessary for the productive process. For example, a firm may be more concerned about the political implications of making people redundant than getting rid of surplus workers, or lack of management control, if a firm does not have supervision of workers, then productivity may tall as workers talk it easy, not finding cheapest suppliers, a firm may continue to source raw materials from a high cost supplier rather than look for cheaper raw materials to be supplied to let workers to work in one short time task finishing environment. Then, they may feel short time task finishing pressure to bring inefficiency production result.I shall indicate efficient production and efficient consumption situations as below:

Handbook of Research Methods in Behavioural Economics

Morris Altman
Handbook of Research Methods in Behavioural Economics Book PDF

Author : Morris Altman
Publisher : Edward Elgar Publishing
Page : 533 pages
File Size : 45,8 Mb
Release : 2023-03-02
Category : Business & Economics
ISBN : 9781839107948

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Handbook of Research Methods in Behavioural Economics by Morris Altman Pdf

This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.