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Title: Behavioural Economics
Authors: al-Nowaihi, Ali
Dhami, S.
First Published: 2012
Publisher: Elsevier
Citation: al-Nowaihi, A;Dhami, S, Behavioural Economics, 'Encyclopedia of Human Behaviour', Second Edition, Elsevier, 2012, pp. 288-300 (13)
Abstract: Behavioral economics is one of the fastest growing fields in economics. It is motivated by findings from psychology (and sociology) and uses experimental, field, and neuroeconomic evidence. Behavioral research over the past four decades has shown that two central assumptions in mainstream economics, namely, full rationality and purely selfish preferences are far less universal than was originally believed. In this essay, we bring out the role of alternative behavioral decision theories, emotions, framing effects, mental accounting, behavioral models of time discounting, new solution concepts in behavioral game theory, neuroeconomics, and the debate on liberalism and paternalism, among others.
ISBN: 978-0-08-096180-4
Embargo on file until: 1-Jan-10000
Version: Publisher Version
Status: Peer-reviewed
Type: Chapter
Rights: Copyright © 2012 Elsevier. All rights reserved.
Description: The file associated with this record is under a permanent embargo while permission to archive is sought from the publisher. The full text may be available through the publisher links above.
Appears in Collections:Books & Book Chapters, Dept. of Economics

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