By Peter Diamond,Hannu Vartiainen
In the decade, behavioral economics, borrowing from psychology and sociology to give an explanation for judgements inconsistent with conventional economics, has revolutionized the way in which economists view the area. yet regardless of this basic luck, behavioral pondering has essentially reworked just one box of utilized economics-finance. Peter Diamond and Hannu Vartiainen's Behavioral Economics and Its Applications argues that behavioral economics may have the same impression in different fields of economics.
during this quantity, the various world's prime thinkers in behavioral economics and common monetary concept make the case for a miles better use of behavioral principles in six fields the place those rules have already proved valuable yet haven't but been totally incorporated--public economics, improvement, legislation and economics, future health, salary decision, and organizational economics. the result's an try and set the schedule of an enormous improvement in economics--an schedule that would curiosity policymakers, sociologists, and psychologists in addition to economists.
members contain Ian Ayres, B. Douglas Bernheim, Truman F. Bewley, Colin F. Camerer, Anne Case, Michael D. Cohen, Peter Diamond, Christoph Engel, Richard G. Frank, Jacob Glazer, Seppo Honkapohja, Christine Jolls, Botond Koszegi, Ulrike Malmendier, Sendhil Mullainathan, Antonio Rangel, Emmanuel Saez, Eldar Shafir, Sir Nicholas Stern, Jean Tirole, Hannu Vartiainen, and Timothy D. Wilson.
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Extra resources for Behavioral Economics and Its Applications
Behavioral Economics and Its Applications by Peter Diamond,Hannu Vartiainen