Hardback
Handbook of Research Methods in Behavioural Economics
An Interdisciplinary Approach
9781839107931 Edward Elgar Publishing
This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.
More Information
Critical Acclaim
Contributors
Contents
More Information
This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.
Presenting analytical narratives from renowned economists and economic psychologists, the Handbook applies a broad array of methodological perspectives to behavioural economics. These span from bounded rationality, asymmetric information, and heuristics and biases to fast and frugal heuristics, rational agents and smart decision-makers, and capabilities improvements and institutional design. Chapters further explore diverse areas such as public policy, micro and macroeconomics, labour economics, the firm, decision-making, preference formation, punishment, love, altruism, trust, the environment, money and finance, health, and sports. Providing a pluralistic approach to behavioural economics, the Handbook ultimately introduces readers to an array of possible methodologies that can be adopted to address topical economic issues, as well as facilitating an enriched and nuanced understanding of human behaviour in an economic context.
Comparing and contrasting different methodologies within behavioural and neoclassical economics, this dynamic Handbook will be an invaluable resource for undergraduate and postgraduate students enrolled in economics, social psychology, and marketing courses. Policymakers will also benefit from its examination of the implications of behavioural economics for real-world decision making and policy.
Presenting analytical narratives from renowned economists and economic psychologists, the Handbook applies a broad array of methodological perspectives to behavioural economics. These span from bounded rationality, asymmetric information, and heuristics and biases to fast and frugal heuristics, rational agents and smart decision-makers, and capabilities improvements and institutional design. Chapters further explore diverse areas such as public policy, micro and macroeconomics, labour economics, the firm, decision-making, preference formation, punishment, love, altruism, trust, the environment, money and finance, health, and sports. Providing a pluralistic approach to behavioural economics, the Handbook ultimately introduces readers to an array of possible methodologies that can be adopted to address topical economic issues, as well as facilitating an enriched and nuanced understanding of human behaviour in an economic context.
Comparing and contrasting different methodologies within behavioural and neoclassical economics, this dynamic Handbook will be an invaluable resource for undergraduate and postgraduate students enrolled in economics, social psychology, and marketing courses. Policymakers will also benefit from its examination of the implications of behavioural economics for real-world decision making and policy.
Critical Acclaim
‘The chapters of this Handbook take us beyond the now familiar areas of behavioural economics research and give attention to a wider range of methods and further applications of the findings – a much needed help in the many fields, such as environmental and health economics, in which the usefulness of these findings is just beginning to be realized.’
– Jack L. Knetsch, Simon Fraser University, Canada
‘Behavioral economics needs to go beyond documenting deviations from neoclassical norms and interpreting these as flaws in humans rather in the theory. We need to take uncertainty seriously, take heuristics seriously, and study how people actually make decisions instead of building as-if models. This excellent collection of approaches offers many ways to rethink behavioral economics and equip it with a fresh vision.’
– Gerd Gigerenzer, Max Planck Institute for Human Development, Germany
‘Morris Altman succeeds in assembling experts from various scholarly disciplines who present the arsenal of research methods in behavioral economics and their potential in applied social research. This is an excellent comprehensive Handbook that is of interest to students and scholars, committed to understanding economic behavior which is often driven by a-rationality and irrationality rather than the capacity to rationally maximize one’s own utility.’
– Erich Kirchler, University of Vienna, Austria
– Jack L. Knetsch, Simon Fraser University, Canada
‘Behavioral economics needs to go beyond documenting deviations from neoclassical norms and interpreting these as flaws in humans rather in the theory. We need to take uncertainty seriously, take heuristics seriously, and study how people actually make decisions instead of building as-if models. This excellent collection of approaches offers many ways to rethink behavioral economics and equip it with a fresh vision.’
– Gerd Gigerenzer, Max Planck Institute for Human Development, Germany
‘Morris Altman succeeds in assembling experts from various scholarly disciplines who present the arsenal of research methods in behavioral economics and their potential in applied social research. This is an excellent comprehensive Handbook that is of interest to students and scholars, committed to understanding economic behavior which is often driven by a-rationality and irrationality rather than the capacity to rationally maximize one’s own utility.’
– Erich Kirchler, University of Vienna, Austria
Contributors
Contributors: Hannah Altman, Morris Altman, Gerrit Antonides, Jefferson Arapoc, Michelle Baddeley, Alexis V. Belianin, Steve Bickley, Beryl Y. Chang, Hans Czap, Natalia Czap, Angela Cm. M. de Oliveira, Justin Ferguson, Gigi Foster, Paul Frijters, Derek Friday, Agata Gasiorowska, David Leiser, Pascal Moliner, Irene Mussio, Matthew G. Nagler, Noah V. Peters, Mark Pingle, Patrick Rateau, Lucia A. Reisch, Tobias F. Rötheli, Nazmi Sari, David Alan Savage, Fang-Fang Tang, Shinji Teraji, P. Sodany Tong, Benno Torgler, Cameron Xu, Tomasz Zaleskiewicz
Contents
Contents:
1. Morris Altman: Introduction
PART I BEHAVIOURAL ECONOMICS METHODS IN GENERAL
2. Gerrit Antonides: Behavioral economic methods
3. Steve J. Bickley , and Benno Torgler: Behavioural Economics, What Have We Missed?”
4. Exploring “Classical” Behavioural Economics Roots in AI, Cognitive Psychology, and
Complexity Theory
5. Beryl Chang: Assumptions in Economic Modeling: How Behavioral Economics Can Enlighten
PART II REAL WORLD ECONOMICS
6. Gigi Foster and Paul Frijters: RealEconomik: Using the messy human experience to drive
clean theoretical advance in economics
7. Pascal Moliner and Patrick Rateau: The common-sense economy
PART III BEHAVIOURAL MACROEOCNOMICS
8. Michelle Baddeley: Behavioural Methods for Macroeconomics: Modelling Investment
9. Tobias F. Rötheli: The Business Cycle and the Cycles of Behavioral Economics
PART IV BEHAVIOURAL LABOUR ECONOMICS AND THE THEORY OF THE FIRM
10. Morris Altman: Behavioural Labour Economics
11. Sodany Tong: Some Implications of X-efficiency Theory for the Role of Managerial Quality
as a Key Determinant of Firm Performance and Productivity
12. Morris Altman: Behavioural Theories of the Firm with a Focus on X-Efficiency and
Effort Discretion: Implications for Analysis
PART V MONEY AND BEHAVIOURAL ECONOMICS
13. Agata Gasiorowska & Tomasz Zaleskiewicz: The Psychology of Money
14. Tomasz Zaleskiewicz & Agata Gasiorowska: Taking Financial Advice: Going Beyond Making
Good Decisions
PART VI BEHAVIOURAL APPROACHES TO HEALTH ECONOMICS
15. Hannah Rachel Josepha Altman and Morris Altman; Bounded Rationality, Imperfect and
Costly Information and Sub-optimal Outcomes in the Sports and Health and Fitness
Industries
16. Nazmi Sari: Empirical methods and methodological developments in economics of health
and health behavior: A discussion of theory and applications
17. David A. Savage and Derek Friday: The Behavioural Impact of Pandemics: Incomplete
Markets and the Supply Chain
PART VII ‘EMOTIONS’ AND MORALS, AND BEHAVIOURAL ECONOMICS
18. Jefferson Arapoc: Economics of Trust: its nature, measures, determinants, and application
19. Roger Frantz: Intuition and Behavioral Economics. A Very Brief History
20. Natalia V. Czap and Hans J Czap: Conserve the Planet, NOT Empathy! Revising the Empathy
Conservation Framework
21. Shinji Teraji: Behavioral Economics of Morality and Sustainability
22. Alexis V. Belianin: Antisocial punishment
PART VIII EVALUATION AND FORMATION OF BELIEFS AND PREFERENCES
23. Fang-Fang Tang : Auction Methods of Valuation and the Endowment Effect
24. David Leiser: Statistical approaches to the analysis of belief patterns
25. Matthew G. Nagler: Motivated Preferences
26. Mina Mahmoudi, Mark Pingle, Rattaphon Wuthisatian: Might Ambiguity Exist When None
Seems to Exist?
PART IX BEHAVIOURAL APPROACHES TO POLICY
27. Irene Mussio and Angela C.M. de Oliveira: Norms, networks, nudges: non-traditional
approaches to improve healthy behaviors
28. Noah V. Peters and Lucia A. Reisch: Bridging Psychology and Sociology: Towards a Socio-
ecological Perspective in Behavioural Economics and Policy
Index
1. Morris Altman: Introduction
PART I BEHAVIOURAL ECONOMICS METHODS IN GENERAL
2. Gerrit Antonides: Behavioral economic methods
3. Steve J. Bickley , and Benno Torgler: Behavioural Economics, What Have We Missed?”
4. Exploring “Classical” Behavioural Economics Roots in AI, Cognitive Psychology, and
Complexity Theory
5. Beryl Chang: Assumptions in Economic Modeling: How Behavioral Economics Can Enlighten
PART II REAL WORLD ECONOMICS
6. Gigi Foster and Paul Frijters: RealEconomik: Using the messy human experience to drive
clean theoretical advance in economics
7. Pascal Moliner and Patrick Rateau: The common-sense economy
PART III BEHAVIOURAL MACROEOCNOMICS
8. Michelle Baddeley: Behavioural Methods for Macroeconomics: Modelling Investment
9. Tobias F. Rötheli: The Business Cycle and the Cycles of Behavioral Economics
PART IV BEHAVIOURAL LABOUR ECONOMICS AND THE THEORY OF THE FIRM
10. Morris Altman: Behavioural Labour Economics
11. Sodany Tong: Some Implications of X-efficiency Theory for the Role of Managerial Quality
as a Key Determinant of Firm Performance and Productivity
12. Morris Altman: Behavioural Theories of the Firm with a Focus on X-Efficiency and
Effort Discretion: Implications for Analysis
PART V MONEY AND BEHAVIOURAL ECONOMICS
13. Agata Gasiorowska & Tomasz Zaleskiewicz: The Psychology of Money
14. Tomasz Zaleskiewicz & Agata Gasiorowska: Taking Financial Advice: Going Beyond Making
Good Decisions
PART VI BEHAVIOURAL APPROACHES TO HEALTH ECONOMICS
15. Hannah Rachel Josepha Altman and Morris Altman; Bounded Rationality, Imperfect and
Costly Information and Sub-optimal Outcomes in the Sports and Health and Fitness
Industries
16. Nazmi Sari: Empirical methods and methodological developments in economics of health
and health behavior: A discussion of theory and applications
17. David A. Savage and Derek Friday: The Behavioural Impact of Pandemics: Incomplete
Markets and the Supply Chain
PART VII ‘EMOTIONS’ AND MORALS, AND BEHAVIOURAL ECONOMICS
18. Jefferson Arapoc: Economics of Trust: its nature, measures, determinants, and application
19. Roger Frantz: Intuition and Behavioral Economics. A Very Brief History
20. Natalia V. Czap and Hans J Czap: Conserve the Planet, NOT Empathy! Revising the Empathy
Conservation Framework
21. Shinji Teraji: Behavioral Economics of Morality and Sustainability
22. Alexis V. Belianin: Antisocial punishment
PART VIII EVALUATION AND FORMATION OF BELIEFS AND PREFERENCES
23. Fang-Fang Tang : Auction Methods of Valuation and the Endowment Effect
24. David Leiser: Statistical approaches to the analysis of belief patterns
25. Matthew G. Nagler: Motivated Preferences
26. Mina Mahmoudi, Mark Pingle, Rattaphon Wuthisatian: Might Ambiguity Exist When None
Seems to Exist?
PART IX BEHAVIOURAL APPROACHES TO POLICY
27. Irene Mussio and Angela C.M. de Oliveira: Norms, networks, nudges: non-traditional
approaches to improve healthy behaviors
28. Noah V. Peters and Lucia A. Reisch: Bridging Psychology and Sociology: Towards a Socio-
ecological Perspective in Behavioural Economics and Policy
Index
