An Introduction to Behavioral Economics

Cover
Detailed Table of Contents
List of Figures
List of Tables
Preface
Acknowledgments
PART I Introduction
	CHAPTER 1 Nature of Behavioral Economics
		1.1 Behavioral economics and the standard model
		1.2 History and evolution of behavioral economics
		1.3 Relationship with other disciplines
		1.4 Objectives, scope and structure
		1.5 Summary
		1.6 Review questions
		1.7 Applications
	CHAPTER 2 Methodology
		2.1 Theories
		2.2 Evidence
		2.3 Consilience
		2.4 Summary
		2.5 Review questions
		2.6 Applications
PART II Foundations
	CHAPTER 3 Values, Preferences and Choices
		3.1 The neoclassical model
		3.2 Axioms, assumptions and definitions
		3.3 The evolutionary biology of utility
		3.4 The neuroscientific basis of utility
		3.5 Broadening rationality
		3.6 Visceral factors
		3.7 Types of utility
		3.8 Policy implications
		3.9 Summary
		3.10 Review questions
		3.11 Applications
	CHAPTER 4 Beliefs and Expectations
		4.1 The neoclassical model
		4.2 Probability estimation
		4.3 Self-evaluation bias
		4.4 Magical beliefs
		4.5 Causes of irrationality
		4.6 Summary
		4.7 Review questions
		4.8 Review problems
		4.9 Applications
	CHAPTER 5 Decision-making under Risk and Uncertainty
		5.1 Background
		5.2 Conventional approaches to modifying expected utility theory
		5.3 Prospect theory
		5.4 Reference points
		5.5 Loss-aversion
		5.6 Shape of the utility function
		5.7 Decision-weighting
		5.8 Criticisms of prospect theory
		5.9 Recent theories and conclusions
		5.10 Summary
		5.11 Review questions
		5.12 Review problems
		5.13 Applications
	CHAPTER 6 Mental Accounting
		6.1 Nature and components of mental accounting
		6.2 Framing and editing
		6.3 Budgeting and fungibility
		6.4 Choice bracketing and dynamics
		6.5 Policy implications
		6.6 Summary
		6.7 Review questions
		6.8 Applications
PART III Intertemporal Choice
	CHAPTER 7 The Discounted Utility Model
		7.1 Introduction
		7.2 Origins of the discounted utility model
		7.3 Features of the discounted utility model
		7.4 Methodology
		7.5 Anomalies in the discounted utility model
		7.6 Summary
		7.7 Review questions
		7.8 Applications
	CHAPTER 8 Alternative Intertemporal Choice Models
		8.1 Time preference
		8.2 Time-inconsistent preferences
		8.3 Hyperbolic discounting
		8.4 Modifying the instantaneous utility function
		8.5 More radical models
		8.6 Empirical evidence
		8.7 Policy implications
		8.8 Summary
		8.9 Review questions
		8.10 Applications
PART IV Strategic Interaction
	CHAPTER 9 Behavioral Game Theory
		9.1 Nature of behavioral game theory
		9.2 Solution concepts
		9.3 Mixed strategies
		9.4 Bargaining
		9.5 Iterated games
		9.6 Signaling
		9.7 Learning
		9.8 Summary
		9.9 Review questions
		9.10 Review problems
		9.11 Applications
	CHAPTER 10 Social Preferences
		10.1 The neoclassical model
		10.2 The nature of social preferences
		10.3 Factors affecting social preferences
		10.4 Modeling social preferences
		10.5 Inequality-aversion models
		10.6 Reciprocity models
		10.7 Empirical evidence
		10.8 Policy implications
		10.9 Summary
		10.10 Review questions
		10.11 Applications
PART V Conclusion
	CHAPTER 11 Behavioral Economics: Summary and Outlook
		11.1 The agenda of behavioral economics
		11.2 Criticisms of behavioral economics
		11.3 Methodology
		11.4 Are we really irrational?
		11.5 Welfare and happiness
		11.6 Problems in pursuing happiness
		11.7 Policy implications
		11.8 Future directions for behavioral economics
		11.9 Applications
Bibliography
Index