Behavioral economics and its applications
By: Peter Diamond, Hannu Vartiainen, editors
Contributors: Diamond, Peter A; Vartiainen, Hannu; Yrjö Jahnssonin säätiö
Publisher: Princeton University Press
Published: 2007
Place of publication: Princeton, N.J
Language: eng
Number of pages: 312
ISBN-13: 9780691122847
Subjects: Economics -- Psychological aspects -- Congresses
Genres: Congresses
Description: In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics/finance. The editors argue that behavioral economics can have a similar impact in other fields of economics. In this volume, some of the world's leading thinkers in behavioral economics and general economic theory make the case for a much greater use of behavioral ideas in six fields where these ideas have already proved useful but have not yet been fully incorporated, public economics, development, law and economics, health, wage determination, and organizational economics. The result is an attempt to set the agenda of an important development in economics, an agenda of interest to policymakers, sociologists, and psychologists as well as economists. -- From publisher.
Notes: Based on an international conference held in Helsinki, Finland, June 22-23, 2004 to celebrate the 50th anniversary of the Yrjö Jahnsson Foundation

Includes bibliographical references and index
Table of contents: title: Foreword; title: List of contributors; title: Ch. 1. Introduction / Peter Diamond and Hannu Vartiainen; title: Ch. 2. Behavioral public economics: welfare and policy analysis with nonstandard decision-makers / B. Douglas Bernheim and Antonio Rangel; title: Ch. 3. Psychology and development economics / Sendhil Mullainathan; title: Ch. 4. Behavioral law and economics / Christine Jolls; title: Ch. 5. Fairness, reciprocity, and wage rigidity / Truman F. Bewley; title: Ch. 6. Behavioral economics and health economics / Richard G. Frank; title: Ch. 7. Behavioral economics of organizations / Colin F. Camerer and Ulrike Malmendier; title: Ch. 8. Wrap-up panel; title: Index