Summary Of Handbook of Contemporary Behavioral Economics

This handbook is a collection of the original works of the leading behavioural economists in the field. It is the first comprehensive volume on the behavioral economic theory, and provides a revealing view of how economic decisions are actually made by individuals. The text shows how the behavior of the individuals depends on psychological, institutional, cultural and even biological considerations. For example, it is interesting (and revealing) to know that tipping in restaurants alone in USA amounts to $ 21 billion a year! The text is supplemented by extensive references. There are thirty-six papers in the handbook giving different perspectives on the subject. It is a pathbreaking handbook of original works taking inspiration and the findings from different subjects like psychology, sociology, political science, biology and law. Table of Contents List of Tables and Figures Introduction by Morris Altman Part 1: INSIDE THE ECONOMIC AGENT 1. Inside Economic Man: Behavioral Economics and Consumer Behavior 2. Physiology and Behavioral Economics: The New Findings from Evolutionary Neuroscience 3. Intuition in Behavioral Economics 4. Introspective Economics: Broadening Psychologys Reach 5. Integrating Emotions into Economic Theory 6. On the Economics of Subselves: Toward a Metaeconomics Part 2: CONTEXT AND MODELING 7. What a Difference an Assumption Makes: Effort Discretion, Economic Theory, and Public Policy 8. Group Selection and Behavioral Economics 9. Beliefs in Behavioral and Neoclassical Economics 10. Reclaiming Moral Sentiments: Behavioral Economics and the Ethical Foundations of Capitalism 11. Bounded Rationality: Two Interpretations from Psychology 12

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