Microeconomics

A Course In Behavioral Economics by Erik Angner

By Erik Angner

A direction in Behavioral Economics 2e is an obtainable and self-contained advent to the sphere of behavioral economics. the writer introduces scholars to the topic by way of evaluating and contrasting its theories and types with these of mainstream economics. jam-packed with examples, workouts and difficulties, this e-book emphasises the instinct in the back of the innovations and is appropriate for college students from a variety of disciplines.

Show description

Read or Download A Course In Behavioral Economics PDF

Best microeconomics books

Macroeconomics (5th Edition)

For undergraduate Macroeconomics courses.

A sleek method of macroeconomics.

Williamson’s Macroeconomics makes use of a completely glossy technique via exhibiting scholars easy methods to construct macro financial types from micro fiscal rules. This process is helping to make the textual content in step with the way in which macroeconomic study is performed this day.

The Architect's Guide to Running a Practice

This is often your crucial one cease store for info on beginning and working a tradition. Case reports and recommendation from practitioners, colossal and small, run along outlines of all of the key themes, to provide you an perception into the issues and demanding situations others have confronted whilst establishing a layout enterprise.

Designing an All-Inclusive Democracy: Consensual Voting Procedures for Use in Parliaments, Councils and Committees

Democracy is for everyone, not only a majority. This e-book describes the vote casting strategies through which majority rule should be changed by means of a extra consensual procedure of governance. In a be aware, such an inclusive polity may be accomplished through asking the citizens or, extra frequently, their representatives in councils and parliaments, to nation their personal tastes, as a way to facilitate the identity of that choice which earnings the top typical choice ranking.

Efficiency and Competitiveness of International Airlines

This e-book specializes in the standards that aid the strengths of foreign airways in most cases and the Asian airline providers particularly. Defining the standard of human capital because the point of schooling and the competence of airline staff, it analyzes the potency of 39 airways in quite a few areas, either by way of construction and value buildings.

Extra info for A Course In Behavioral Economics

Sample text

Would anybody fail to act in the same way at nodes #2 and #3? There is a wide class of cases where people do. 5 Multi-stage investment problem beyond recovery at the time when the decision is made. Consider the R&D scenario outlined earlier in this section. 5. Faced with these two problems, many people say they would invest at node #2 but not invest at node #3. Yet, at node #2, the $9M is a sunk cost: it cannot be recovered. Whether or not making the further $1M investment is worth it should not depend on whether you find yourself at node #2 or #3.

All these are utility functions, in that they associate higher numbers with more preferred options. As these examples show, it is important not to ascribe any significance to absolute numbers. To know that the utility I derive from listening to Justin Bieber is 2 tells you nbsolutely nothing about my preferences. But if you know that the utility I derive from listening to Arcade Fire is 4, you know something, namely, that I strictly prefer Arcade Fire to Justin Bieber. It is equally important not to ascribe any significance to ratios of utilities.

Tudent of behavioral economics: r i 1 r I co-manage a local tire/ automotive service retailer. Today, one of my good customers came into my store. He had purchased a set of tires from a separate online tire seller and came to get them installed. Before we started working on his car, he asked what other options would have been available to him. I proceeded to tell him about a brand new tire that I s tocked that was overall much better than the one he bought - better traction features, better mileage, etc.

Download PDF sample

Rated 4.49 of 5 – based on 49 votes