2nd Edition

Behavioral Economics The Basics

By Philip Corr, Anke Plagnol Copyright 2023
266 Pages 3 B/W Illustrations
by Routledge

266 Pages 3 B/W Illustrations
by Routledge

266 Pages 3 B/W Illustrations
by Routledge

The second edition of Behavioral Economics: The Basics summarizes behavioral economics, which uses insights from the social sciences, especially psychology, to explain real-world economic behavior. Behavioral economic insights are routinely used not only to understand the choices people make but also to influence them, whether the aim is to enable citizens to lead healthier and wealthier lives,... Read more

1. What is Behavioural Economics and Why is it Important?  2. Behavioral Economics in Retrospect: How and Why it Started  3. ECON: Homo Economicus  4. HUMAN: Homo Psychologicus  5. The Power of Social, Emotional, and Personality Factors  6. Nudge: Whys, Ways, and Weasels  7. Sell! Commercial and Political Persuasion

Biography

Philip Corr is Professor of Psychology at City, University of London, UK, and Honorary Professor at Brunel University, UK, where he specializes in behavioral economics. Reflecting his broader personality neuroscience focus, he is most interested in how individual differences in fundamental systems of motivation and emotion relate to economic behavior.

Anke Plagnol is Senior Lecturer in Psychology (Behavioral Economics) at City, University of London, UK. Her research focuses on the economic choices individuals make and how these affect their subjective well-being.

The writing style is easy to read. This would work for advanced undergrads or M.A. students in a large public university. It offers a more historical, social psychological, and business advertising perspectives in a book on behavioral economics (BE).

This book is particularly good for extension studies, where most of our students hold full
time jobs and are studying part time for their degrees. They don’t have the time for
traditional textbooks or original journal articles. Popular books by leading researchers
(“Misbehaving”, “Nudge”, “Predictably Irrational”) are good, but are also works of advocacy,
pushing a particular view rather than summarizing the body of research. This book fills a gap,
providing a very good review of the research for students who don’t have the time to work
through the original research papers themselves. I would highly recommend this book to any
instructor who is teaching a behavioral economics course through extension studies.