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Handbook of Behavioural Economics and Smart Decision-Making

2017/05/23 by Altman, Morris 1954- · 1 citation
Business, Management and Accounting · Economics, Econometrics and Finance · Social Sciences · #Business Strategy and Innovation #Economic Development and Digital Transformation #Economic and Technological Developments in Russia

paper · doi:10.4337/9781782549598

openalex publication_date 2017/05/23 · openalex created_date 2017/06/05 · openalex updated_date 2026/04/29

Abstract

This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy.

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