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Behavioral Economics: Evidence, Theory, and Welfare book cover

1st Edition

Behavioral Economics Evidence, Theory, and Welfare

By Brandon Lehr Copyright 2022
542 Pages 79 B/W Illustrations
by Routledge

542 Pages 79 B/W Illustrations
by Routledge

542 Pages 79 B/W Illustrations
by Routledge
Also available as eBook on:
Behavioral Economics: Evidence, Theory, and Welfare provides an engaging and accessible introduction to the motivating questions, real-world evidence, theoretical models, and welfare implications of behavioral economics concepts. Applications and examples — from household decisions, finance, public finance, labor, business, health, development, politics, education, energy, and... Read more

Part I Foundations

1 Introduction

2 Standard Decision Making

3 Behavioral Welfare Economics

Part II Intertemporal Preferences

4 Discounted Utility Model Anomalies

5 Present Bias

6 Consumption Dependence

7 Market & Policy Responses to Present Bias

Part III Reference-Dependent Preferences

8 Reference-Independence Anomalies

9 Reference Dependence

10 Market & Policy Responses to Loss Aversion

Part IV Preferences over Uncertainty

11 Expected Utility Anomalies

12 Non-Expected Utility

Part V Social Preferences

13 Self-Interested Preference Anomalies

14 Social Preferences

15 Market & Policy Responses to Social Preferences

Part VI Beliefs

16 Belief Anomalies

17 Nonstandard Beliefs

18 Market & Policy Responses to Nonstandard Beliefs

Part VII Decision Processes

19 Mental Accounting

20 Inattention

21 Market & Policy Responses to Mental Accounting & Inattention

Index

Biography

Brandon Lehr is Associate Professor of Economics at Occidental College, Los Angeles, USA.

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