Bibliographic Details

Handbook of contemporary behavioral economics : foundations and developments / edited by Morris Altman.

Imprint Armonk, N.Y. : M.E. Sharpe ; London : Eurospan [distributor], 2006.
Description 1 online resource (xxii, 762 pages : illustrations
Language English
Subject Economics -- Psychological aspects.
Économie politique -- Aspect psychologique.
BUSINESS & ECONOMICS -- Economics -- Theory.
Economics -- Psychological aspects.
Wirtschaftliches Verhalten
Electronic books.
Electronic books.
Format E-Resource, Book
URL for this record
Other authors / contributors Altman, Morris.
ISBN 0765621487
Notes Title from e-book title screen (viewed Oct. 15, 2007).
Includes bibliographical references and index.
Summary Offering the comprehensive articulation of behavioral economics theory, this book includes coverage of critical areas such as the Economic Agent, Context and Modeling, Decision Making, Experiments and Implications, Labor Issues, Household and Family Issues, Life and Death, Taxation, Ethical Investment and Tipping, and more.
Other form Print version: Handbook of contemporary behavioral economics. Armonk, N.Y. : M.E. Sharpe ; London : Eurospan [distributor], 2006
Standard no. 9780765613028
Review by Choice Review

Mainstream economists have assumed, following Milton Friedman, that the predictive power of economics matters more than the realism of its assumptions. Behavioral economics has challenged that methodological principle by showing that better predictions of human conduct come from models with more "realistic" assumptions. Altman's volume surveys the newer behavioral literature in a series of 36 original essays written by practitioners (there is an "old" behavioral economics literature that is largely unsurveyed here). After beginning with the behavioral critique of "economic man" (six essays) and the modeling of economic agents (seven essays), the handbook examines what behavioral economics has found about decision making (five essays) and the experiments that behavioral economists run (four essays). The last 12 essays look at what behavioral economics contributes to several fields of economics: labor, gender, taxation and investment, law and economics, monetary economics, and health decisions. There are even essays on behavioral economic studies of suicide and of the practice of tipping in restaurants. Unlike Colin Camerer, George Lowenstein, and Matthew Rabin's Advances in Behavioral Economics (2003), this volume is accessible to undergraduates and nonspecialists. ^BSumming Up: Recommended. Public, academic, lower-division undergraduate and up, and professional collections. R. B. Emmett James Madison College, Michigan State University

Copyright American Library Association, used with permission.
Review by Choice Review