Rational Decision-Making within the Bounds of Reason
Edited by Morris Altman
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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- Handbook of Behavioural Economics and Smart Decision-Making
- Chapter 1: Introduction to smart decision-making
- Chapter 2: Rational inefficiency: smart thinking, bounded rationality and the scientific basis for economic failure and success
- Chapter 3: Rational mistakes that make us smart
- Chapter 4: Rational choice as if the choosers were human
- Chapter 5: Smart predictions from wrong data: the case of ecological correlations
- Chapter 6: Heuristics: fast, frugal, and smart
- Chapter 7: The beauty of simplicity? (Simple) heuristics and the opportunities yet to be realized
- Chapter 8: Smart persons and human development: the missing ingredient in behavioral economics
- Chapter 9: Behavioral strategy at the frontline: insights and inspirations from the US Marine Corps
- Chapter 10: Feminist economics for smart behavioral economics
- Chapter 11: How regret moves individual and collective choices towards rationality
- Chapter 12: Is it rational to be in love?
- Chapter 13: Behavioral economic anthropology
- Chapter 14: Do changes in farmers’ seed traits align with climate change? A case study of maize in Chiapas, Mexico
- Chapter 15: Rationality, globalization, and X-efficiency among fi nancial institutions
- Chapter 16: The evolution of governance structures in a polycentric system
- Chapter 17: Taxation and nudging
- Chapter 18: Income tax compliance
- Chapter 19: Financial decisions in the household
- Chapter 20: Employing priming to shed light on financial decision-making processes
- Chapter 21: Experimental asset markets: behavior and bubbles
- Chapter 22: To consume or to save: are we maximizing or what?
- Chapter 23: Time orientation effects on health behavior
- Chapter 24: Behavioral aspects of obesity
- Chapter 25: Time inconsistent preferences in intertemporal choices for physical activity and weight loss: evidence from Canadian health surveys
- Chapter 26: Suicide among smart people
- Chapter 27: Seeing and knowing others: the impact of social ties on economic interactions
- Chapter 28: Weakness of will and stiffness of will: how far are shirking, slackening, favoritism, spoiling of children, and pornography from obsessivecompulsive behavior?
- Chapter 29: The role of identity, personal and social capital in community crime prevention
- Chapter 30: Norms, culture, and cognition
- Chapter 31: Rational choice in public and private spheres
- Chapter 32: Ethics and simple games
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Chapter 1: Introduction to smart decision-making
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