This enlightening book comprehensively maps the current state of economic psychology
and behavioural economics. Exploring key concepts, topics and models in the field,
it is also a launching pad for future research and provides useful insights on how
good personal and professional decisions can be made, advancing microeconomic
With contributions from an international range of active researchers, this Research Agenda provides a timely literature review on core topics related to consumer financial behavior. Chapters cover financial management behavior, desirable financial behavior and any financial behavior that helps improve financial wellbeing.
Following rapid technological advancements that have taken place throughout the late
twentieth and early twenty-first centuries, this intriguing book provides a dynamic
agenda for the study of artificial intelligence (AI) within finance. Through an
in-depth consideration of the use of AI, it utilizes case study examples to
investigate AI’s effectiveness within investment and banking.
Examining the psychological and social drivers of unsustainable and sustainable
consumption, this Concise Introduction provides an insightful overview of the causes
of unsustainable consumer behaviour and the instruments and interventions needed to
create a sustainable consumption pattern.
This timely and perceptive book addresses the issues surrounding the adequacy of old-age income for future pensioners worldwide. It highlights how today’s young people are confronted with the simultaneous challenges of increasing employment uncertainty and declining pension generosity – topics which are highly relevant in contemporary welfare states.
This insightful book discusses the behavioral microfoundations of Keynes’ macroeconomic revolution derived from ‘casual’ observations but impressively substantiated by rigorous research in Behavioral Economics and neurology. Ronald Schettkat argues that Keynes’ macroeconomic insights are based on microeconomic fundamentals of the behavior of humans and markets in the monetary economy we live in.
Combining theoretical and practical aspects of policy analysis, this book evaluates
actual and proposed policy reforms to income tax and transfer systems, using a
behavioural tax microsimulation model. It highlights how these models allow for the
full details of tax systems and the considerable population heterogeneity that is
found in practice.
Utilizing extensive research in economics, psychology, political science, neuroscience and evolutionary theory, Ananish Chaudhuri provides a critical perspective on the role of cognitive biases in decision-making during the Covid-19 pandemic. The extensive use of, and support for, stringent social distancing measures in particular is explored in depth.
Since Garrett Hardin published The Tragedy of the Commons in 1968, critics have argued that population growth and capitalism contribute to overuse of natural resources and degradation of the global environment. They propose coercive, state-centric solutions. This book offers an alternative view. Employing insights from new institutional economics, the authors argue that property rights, competitive markets, polycentric political institutions, and social institutions such as trust, patience and individualism enable society to conserve natural resources and mitigate harms to the global environment.
This insightful Modern Guide offers a broad coverage of questions and controversies encountered by contemporary economists. A refreshing approach to philosophy of economics, chapters comprise a range of methodological and theoretical perspectives, from lab and field experiments to macroeconomics and applied policy work, written using a familiar, accessible language for economists.