Human Agency And Behavioral Economics

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Human Agency and Behavioral Economics

Author : Cass R. Sunstein
Publisher : Springer
Page : 116 pages
File Size : 48,9 Mb
Release : 2017-05-05
Category : Business & Economics
ISBN : 9783319558073

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Human Agency and Behavioral Economics by Cass R. Sunstein Pdf

This Palgrave Pivot offers comprehensive evidence about what people actually think of “nudge” policies designed to steer decision makers’ choices in positive directions. The data reveal that people in diverse nations generally favor nudges by strong majorities, with a preference for educative efforts – such as calorie labels - that equip individuals to make the best decisions for their own lives. On the other hand, there are significant arguments for noneducational nudges – such as automatic enrollment in savings plans - as they allow people to devote their scarce time and attention to their most pressing concerns. The decision to use either educative or noneducative nudges raises fundamental questions about human freedom in both theory and practice. Sunstein's findings and analysis offer lessons for those involved in law and policy who are choosing which method to support as the most effective way to encourage lifestyle changes.

Human Agency and Material Welfare: Revisions in Microeconomics and Their Implications for Public Policy

Author : Morris Altman
Publisher : Springer
Page : 160 pages
File Size : 49,6 Mb
Release : 1996-12-31
Category : Business & Economics
ISBN : UOM:39015038615897

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Human Agency and Material Welfare: Revisions in Microeconomics and Their Implications for Public Policy by Morris Altman Pdf

Calling for a new approach to the study of economics from a socio-economic and behavioral perspective, Altman (economics, U. of Saskatchewan, Canada) extends the basic human agency model where choice of effort affects productivity and efficiency to one in which choice of effort also affects choice of technology. He also argues that higher wages do not necessarily mean lower profits and argues against traditional neoclassical beliefs including that competitive markets erode discrimination and that the integration of firms through mergers and acquisitions can save substantial transaction costs. Annotation copyrighted by Book News, Inc., Portland, OR

Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy

Author : Morris Altman
Publisher : Springer Science & Business Media
Page : 144 pages
File Size : 41,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461563037

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Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy by Morris Altman Pdf

Some of the fundamental tenets of conventional economic wisdom, which have had a profound impact on public policy, are challenged in this book. These precepts include the affirmation that low wages are more beneficial that high wages to the process of growth and development; convergence in terms of output per person is just a matter of time; minimum wage laws and trade unions negatively impact on the economy as a whole; pay inequality due to labor market discrimination cannot persist over time; larger firms are typically more efficient than smaller firms; and culture is of little consequence to the course of economic development. Such predictions, the author argues, are a product of unrealistic behavioral assumptions about the economic agent. In this book, the author offers a more inclusive theoretical framework and a more reasonable modeling of the economic agent. This new approach is built upon conventional neoclassical theory while incorporating the most recent research in behavioral economics. The case is made that individuals have some choice over the quantity and quality of effort which they can supply in the process of production. Even under the constraints of severe product market competition and the assumption of `utility maximizing' individuals, effort need not be maximized, especially in firms characterized by antagonistic management-labor relations. This is especially true when relatively inefficient firms can remain competitive by keeping wages relatively low - low wages serve to protect such firms from more efficient firms. Alternatively, relatively high wage firms can remain competitive only if they become more productive. Under these assumptions, higher wages and factors contributing to higher wages can advance the performance of an economy while lower wages can have the opposite effect and cultural and institutional variables, by themselves, can affect the long run productivity and even the long run competitiveness of firms and economies. In summary, this book calls for a revised approach to the study of economics from a behavioral and socio-economic perspective, with significant consequences for public policy.

Handbook of Contemporary Behavioral Economics

Author : Morris Altman
Publisher : Routledge
Page : 1015 pages
File Size : 49,9 Mb
Release : 2015-01-30
Category : Business & Economics
ISBN : 9781317469155

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Handbook of Contemporary Behavioral Economics by Morris Altman Pdf

At a time when both scholars and the public demand explanations and answers to key economic problems that conventional approaches have failed to resolve, this groundbreaking handbook of original works by leading behavioral economists offers the first comprehensive articulation of behavioral economics theory. Borrowing from the findings of psychologists, sociologists, political scientists, legal scholars, and biologists, among others, behavioral economists find that intelligent individuals often tend not to behave as effectively or efficiently in their economic decisions as long held by conventional wisdom. The manner in which individuals actually do behave critically depends on psychological, institutional, cultural, and even biological considerations. "Handbook of Contemporary Behavioral Economics" includes coverage of such critical areas as the Economic Agent, Context and Modeling, Decision Making, Experiments and Implications, Labor Issues, Household and Family Issues, Life and Death, Taxation, Ethical Investment and Tipping, and Behavioral Law and Macroeconomics. Each contribution includes an extensive bibliography.

Reconstructing Economic Theory

Author : Allen Oakley
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 45,6 Mb
Release : 2002
Category : Economic man
ISBN : 1840641339

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Reconstructing Economic Theory by Allen Oakley Pdf

Economists in general, says Oakley (economics, U. of Newcastle, Australia), and especially those doing the most orthodox work, use a concept and a representation of human agency that is palpably unrealistic, not out of ignorance, but because to do otherwise would result in excommunication from the profession. Rather than add yet another to the many critiques of mainstream economic theory, she focuses on how it might be reconstructed. She limits her effort to the foundations, offering a revised metatheory, situational analysis, to provide essential premises required by a more completely humanistic economics. Annotation copyrighted by Book News, Inc., Portland, OR

Behavioral Economics

Author : Lance Mason
Publisher : Nova Science Publishers
Page : 0 pages
File Size : 49,9 Mb
Release : 2014
Category : BUSINESS & ECONOMICS
ISBN : 1634634802

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Behavioral Economics by Lance Mason Pdf

Insights from behavioural economics, which combines findings from psychology and economics, suggest that a deeper understanding of decision-making and behaviour could improve human services program design and outcomes. Research has shown that small changes in the environment can facilitate behaviours and decisions that are in people's best interest. However, there has been relatively little exploration of the potential application of this science to complex, large-scale human services programs. This book, from the early stages of OPRE's Behavioural Interventions to Advance Self-Sufficiency (BIAS) project, provides an overview of behavioural economics, presents an approach to applying behavioural economics to social programs, shares insights from three case studies in the BIAS project, and concludes with some early lessons that have emerged from the work and next steps for the BIAS project.

Handbook of Contemporary Behavioral Economics

Author : Morris Altman
Publisher : Routledge
Page : 785 pages
File Size : 46,8 Mb
Release : 2015-01-30
Category : Business & Economics
ISBN : 9781317469162

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Handbook of Contemporary Behavioral Economics by Morris Altman Pdf

At a time when both scholars and the public demand explanations and answers to key economic problems that conventional approaches have failed to resolve, this groundbreaking handbook of original works by leading behavioral economists offers the first comprehensive articulation of behavioral economics theory. Borrowing from the findings of psychologists, sociologists, political scientists, legal scholars, and biologists, among others, behavioral economists find that intelligent individuals often tend not to behave as effectively or efficiently in their economic decisions as long held by conventional wisdom. The manner in which individuals actually do behave critically depends on psychological, institutional, cultural, and even biological considerations. "Handbook of Contemporary Behavioral Economics" includes coverage of such critical areas as the Economic Agent, Context and Modeling, Decision Making, Experiments and Implications, Labor Issues, Household and Family Issues, Life and Death, Taxation, Ethical Investment and Tipping, and Behavioral Law and Macroeconomics. Each contribution includes an extensive bibliography.

A Behavioural Theory of Economic Development

Author : Robert Huggins,Piers Thompson
Publisher : Oxford University Press, USA
Page : 323 pages
File Size : 52,7 Mb
Release : 2021-01-14
Category : Business & Economics
ISBN : 9780198832348

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A Behavioural Theory of Economic Development by Robert Huggins,Piers Thompson Pdf

This book establishes a novel behavioural theory of economic development to illustrate that differences in human behaviour across cities and regions, both individually and collectively, are a significant deep-rooted cause of uneven development within and across nations.

The Behavioral Economics of Translation

Author : Douglas Robinson
Publisher : Taylor & Francis
Page : 253 pages
File Size : 53,9 Mb
Release : 2022-11-30
Category : Language Arts & Disciplines
ISBN : 9781000785357

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The Behavioral Economics of Translation by Douglas Robinson Pdf

This book applies frameworks from behavioral economics to Western thinking about translation, mapping four approaches to eight keywords in translation studies to bring together divergent perspectives on the study of translation and interpreting. The volume takes its points of departure from the tensions between the concerns of behavioral and neoclassical economists. The book considers on one side behavioral economists’ interest in the predictable irrationality of “Humans” and its nuances as they unfold in terms of gender, here organized around Masculine Human, Feminine Human, and Queer perspectives, and on the other side neoclassical economists’ chief concerns with the unfailing rationality of the “Econs.” Robinson applies these four approaches across eight chapters, each representing a keyword in the study of translation—agency; difference; Eurocentrism; hermeneutics; language; norms; rhetoric; and world literature—with case studies that problematize the different categories. Taken together, the book offers a comprehensive treatment of the behavioral economics of translation and promotes new ways of thinking in the study of translation and interpreting, making it of interest to scholars in the discipline as well as those working along interdisciplinary lines in related fields such as philosophy, literature, and political science.

Renaissance in Behavioral Economics

Author : Roger Frantz
Publisher : Routledge
Page : 292 pages
File Size : 45,7 Mb
Release : 2007-06-14
Category : Business & Economics
ISBN : 9781135994150

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Renaissance in Behavioral Economics by Roger Frantz Pdf

Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.

How Behavioral Economics Influences Management Decision-Making

Author : Kelly Monahan
Publisher : Academic Press
Page : 278 pages
File Size : 42,5 Mb
Release : 2018-08-02
Category : Business & Economics
ISBN : 9780128135686

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How Behavioral Economics Influences Management Decision-Making by Kelly Monahan Pdf

How Behavioral Economics Influences Management Decision-Making: A New Paradigm critically reexamines the management function in 21st century workplaces. The book seeks to examine and explain the real-world behaviors of employees and acknowledge the human nature that binds us all together and how to appeal to these characteristics in order to help organizations prosper. It explores well-observed but rarely understood features of employee cognition and irrationality, challenging the dominant discourse and offering an alternative to gain greater competitive advantage in today's complex markets. It also provides an effective new framework on the best ways to develop relevant management skills as they pertain to hiring, performance management, change management, employee engagement, and goal setting. As the knowledge economy continues to grow, the social bonds within companies will prove to be a key differentiation to deliver on the next big idea. Developing productive decisions with staff in the talent-driven global economy increasingly requires the development of "intrinsic" meaning in work, a human-centered work-place culture, and human-focused working practices. This book tackles these topics in comprehensive and efficient detail. Provides a framework to simply and effectively apply behavioral principles in organizations of any size Focuses on agent motivations and behavior and how they directly impact talent management in the knowledge economy Highlights empirical studies, detailing the impact of heuristics on hiring, performance management, change management, employee engagement, and goal-setting decisions

Behavioral Public Choice Economics and the Law

Author : Eric C. Ip
Publisher : Springer Nature
Page : 78 pages
File Size : 46,8 Mb
Release : 2022-10-20
Category : Law
ISBN : 9789811932304

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Behavioral Public Choice Economics and the Law by Eric C. Ip Pdf

This book provides an accessible introduction to the emerging field of behavioral public choice economics and the law. This field studies how public officials, lawmakers, and judges fall prey to their own biases and heuristics, and how constitutions and judicial doctrines can be structured to mitigate these cognitive shortcomings. Written lucidly in plain language, this book is invaluable to all students, scholars, and general readers interested in behavioral economics, law and economics, and political economy.

Handbook of Research Methods in Behavioural Economics

Author : Morris Altman
Publisher : Edward Elgar Publishing
Page : 533 pages
File Size : 51,5 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.

Worker Satisfaction and Economic Performance

Author : Morris Altman
Publisher : Routledge
Page : 321 pages
File Size : 46,9 Mb
Release : 2020-08-26
Category : Business & Economics
ISBN : 9781000161441

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Worker Satisfaction and Economic Performance by Morris Altman Pdf

This book challenges some of the fundamental tenets of "free market" economics that have had a profound impact on public policy and the plight of the American worker. These include the beliefs that high wages inevitably mean low profits; that a "free" market will automatically reduce discrimination and pay inequality; that anti-trust legislation hinders competitive market forces; and that minimum wage laws and trade unions negatively impact the economy. Using both theoretical analysis and real-life examples, the author shows that these myths are a product of unrealistic behavioral assumptions on the part of "free market" economists about the typical worker. In fact, as the author makes clear, the level of workers' satisfaction with their jobs, as a reflection of how well they are paid and treated by their employers, has a direct impact on the quality level of the products they produce and, inevitably, the economic performance of the firms.

Hayek and Behavioral Economics

Author : R. Frantz,R. Leeson
Publisher : Springer
Page : 367 pages
File Size : 43,7 Mb
Release : 2013-01-31
Category : Business & Economics
ISBN : 9781137278159

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Hayek and Behavioral Economics by R. Frantz,R. Leeson Pdf

An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.