Advances in Behavioral Finance

That volume documented the birth of a new approach to studying financial markets. This volume illustrates some of what has been going on during the second decade of behavioral finance research. It has been an exciting time both for ...

Advances in Behavioral Finance

A definitive and wide-ranging overview of developments in behavioural finance over the past ten years. This second volume presents twenty recent papers by leading specialists that illustrate the abiding power of behavioural finance.

The Economic Analysis of Substance Use and Abuse

Experimental and Clinical Psychopharmacology 2:310-18. DeGrandpre, Richard J., and Warren K. Bickel. 1996. Drug dependence as consumer demand. In Advances in behavioral economics, vol. 3, Substance use and abuse, ed.

The Economic Analysis of Substance Use and Abuse

Conventional wisdom once held that the demand for addictive substances like cigarettes, alcohol, and drugs was unlike that for any other economic good and, therefore, unresponsive to traditional market forces. Recently, however, researchers from two disparate fields, economics and behavioral psychology, have found that increases in the overall price of an addictive substance can significantly reduce both the number of users and the amounts those users consume. Changes in the "full price" of addictive substances—including monetary value, time outlay, effort to obtain, and potential penalties for illegal use—yield marked variations in behavioral outcomes and demand. The Economic Analysis of Substance Use and Abuse brings these distinctive fields of study together and presents for the first time an integrated assessment of their data and results. Unique and innovative, this multidisciplinary volume will serve as an important resource in the current debates concerning alcohol and drug use and abuse and the impacts of legalizing illicit drugs.

Handbook of Applied Behavior Analysis

Advances in behavioral economics (Vol. 3). Norwood, NJ: Ablex. Greene, R. J ., 81 Hoats, D. L. (1969). Reinforcing capabilities of television distortion. Journal of Applied Behavior Analysis, 2, 139-141. Hagen, R. L. (1997).

Handbook of Applied Behavior Analysis

Applied Behavior Analysis (ABA) is a highly functional discipline that, instead of searching for abstract, internal causes for human behavior, looks to external factors that can be influenced. Once identified, these factors can be manipulated to make meaningful, positive improvements in the lives of real people through positive behavior change. Not surprisingly behavior analysis has been applied to a wide range of human activities, from helping troubled teens to organizing industry to maximizing sports performance. ABA interventions for these diverse problems are often creative — and they tend to be effective. In this volume, some of the field's foremost practitioners offer their expert perspective on a range of topics within ABA. Each chapter is fully referenced and contains a set of reading objectives to facilitate deeper understanding and further discussion of its subject area. While these discussions will be of particular interest to academic behavior analysts and graduate students, clinicians and other practitioners will find the research review helpful and informative.

Sustainable Human Development in the Twenty First Century Volume II

What has also become clear is that an "unprepared" (or not adequately prepared) integration into the world economy can retard economic progress, and in extreme cases, lead to economic regress (see, Section 5.1). Thus, a conscious policy ...

Sustainable Human Development in the Twenty First Century   Volume II

Sustainable Human Development in the Twenty-First Century is a component of Encyclopedia of Human Resources Policy, Development and Management in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty Encyclopedias. The volume of Human Development examines the state and nature of human development and identifies factors that determine its promotion for the twenty-first century. A general goal, since the ultimate goal for human development is to enhance the quality of human life. However, the concept “quality of human life” is not well defined. It is determined by a set of interrelated factors that cut across many disciplines with varied perspectives and paradigms. These include the prevailing culture, health status, economic performance, technological development, political and social conditions, the building of human capacity and capabilities, and institutional development on the local and global levels. For example, in an environment characterized by a better quality of human life, it is expected that people will be able to lead long and productive lives. They are also expected to enjoy good health, have access to knowledge and educational opportunities, and be treated by all with respect, in a socially equitable and dignified manner. In the sphere of political economy, they are expected to have the opportunity to participate in governance decisions that affect their lives and the community in which they live; and to have the potential to earn sufficient income to supply themselves with adequate nutrition, shelter, and other material and aesthetic needs. Furthermore, people are expected to maintain a sustainable environment and equitable social contracts across space and generations, especially in the context of the evolving global governance. The volume of “Sustainable Human Development in the Twenty-First Century” is divided into five topics which are then expanded into multiple subtopics, each as a chapter presented in two volumes. The first is “Major issues in Human Development” and provides an over view of the Topic with emphasis on the sociological foundation of human development. The second Topic, “Diversity and Historical Processes” reviews the historical and technological processes which have led to the present state of human diversity and differentiation. The third Topic, “Causes of Global Change” focuses on whether it is possible in the present global environment to enlarge people's capabilities so that economic progress may be translated into a multidimensional human happiness. The fourth Topic, “Consequences of Global Change” examines global change not in the narrow sense of short-term economic change, but rather as historical waves of long-term development. The fifth Topic on Planning Strategies reviews current practice and projects challenges in the next century. These two volumes are aimed at the following five major target audiences: University and College Students, Educators, Professional Practitioners, Research Personnel and Policy Analysts, Managers, and Decision Makers and NGOs.

The Globalization Conundrum Dark Clouds behind the Silver Lining

A generalized probability framework to model economic agents' decisions under uncertainty (Vol. 47, pp. ... Advances in Behavioral Finance, Volume II: 2 (The Roundtable Series in Behavioral Economics) available as e-book/hard copy, ...

The Globalization Conundrum   Dark Clouds behind the Silver Lining

This book brings together experts from four continents (Asia, North America, Europe, Africa) and from varied disciplines to discuss a spectrum of problems created by globalization, such as the economic and financial, environmental, legal, cultural, socio-economic and social media impacts. The book not only examines the problems from a number of different perspectives, but also considers the impact of globalization in emerging nations around the world. Due to the very nature of these problems, the approaches adopted are both qualitative and quantitative; it includes quantitative research on quantum finance and the financial crisis, and also discussions on qualitative problems, such as cultural imperialism and neoliberalism. Of interest to economic researchers and management professionals, the book is also a valuable resource for social media researchers, environment scientists, and non-technical readers concerned with socio-political issues. This single volume offers a holistic view and therefore a more complete picture of the problems posed by globalization.

The Behavioral Economics of Brand Choice

“The behavioral analysis of demand”, in L. Green & J. H. Kagel (eds) Advances in behavioral economics Vol. ... in M. L. Commons, R. J. Herrnstein & H. Rachlin (eds) Quantitative analyses of behavior Vol. 2. Cambridge, MA: Ballinger, pp.

The Behavioral Economics of Brand Choice

This text presents a cutting edge approach to the analysis of brand choice, relevant to marketing practice and social science. This analysis reveals the causes of consumer choice that underlie brand selection; the role of price and non-price elements of marketing; a new way of describing the structure of markets and analyzing consumer behaviour.

Determinants of Health

Journal of Business and Economic Statistics 19(4): 449–454. Baltagi, Badi H., and James M. Griffin. ... Advances in Behavioral Economics. Princeton, NJ: Princeton University Press. ... In Handbook of Health Economics, Volume 2, ed.

Determinants of Health

This collection of Michael Grossman’s most important papers adds essential background and depth to his work on economic determinants of public health. Each of the book’s four sections includes an introduction that contextualizes the issues and addresses the larger stakes of his work. An afterword discusses the significance of Grossman’s approach for subsequent research on health economics, as well as the work others have done to advance and extend his innovative perspective. Determinants of Health explains how the economic choices people make influence health and health behaviors. It begins with a section on the theoretical underpinnings and empirical results of Grossman’s groundbreaking health economics model, first introduced in the 1970s, followed by essays on the relationship between health and schooling; determinants of infant health, with a special emphasis on public policies and programs; and the economics of unhealthy behaviors. Grossman treats health as a form of human capital. He shows that public policies and programs that determine the price and availability of key inputs have critical effects on outcomes ranging from birth weight and infant mortality to cigarette smoking, alcohol abuse, illegal drug use, and obesity. Grossman’s approach has led to a major stream of literature in the field, sparking contributions by the world’s leading health economists, including Joseph Newhouse, Jonathan Gruber, Amy Finkelstein, Michael Greenstone, and David Cutler. His clarity on the role that economics play in people’s good and bad health choices is immensely valuable to the debate over how we legislate and spend on health.

Invisible Mind

Economic markets themselves are a fiction created by economists to better model and explain very social behavior involving ... Inequity in social exchange. In L. Berkowitz (Ed.), Advances in experimental social psychology (Vol. 2, pp.

Invisible Mind

An interdisciplinary view of the evolution and consequences of flexible social cognition—the capacity to withhold the inference of mental states to other people. In Invisible Mind, Lasana Harris takes a social neuroscience approach to explaining the worst of human behavior. How can a person take part in racially motivated violence and then tenderly cradle a baby or lovingly pet a puppy? Harris argues that our social cognition—the ability to infer the mental states of another agent—is flexible. That is, we can either engage or withhold social cognition. If we withhold social cognition, we dehumanize the other person. Integrating theory from a range of disciplines—social, developmental, and cognitive psychology, evolutionary anthropology, philosophy, economics, and law—with neuroscience data, Harris explores how and why we engage or withhold social cognition. He examines research in these different disciplines and describes biological processes that underlie flexible social cognition, including brain, genetic, hormonal, and physiological mechanisms. After laying out the philosophical and theoretical terrain, Harris explores examples of social cognitive ability in nonhumans and explains the evolutionary staying power of this trait. He addresses two motives for social cognition—prediction and explanation—and reviews cases of anthropomorphism (extending social cognition to entities without mental states) and dehumanization (withholding it from people with mental states). He discusses the relation of social cognition to the human/nonhuman distinction and to the evolution of sociality. He considers the importance of social context and, finally, he speculates about the implications of flexible social cognition in such arenas for human interaction as athletic competition and international disputes.

The Foundations of Behavioral Economic Analysis

Hand- Uncertainty 18 ( 2 ) : 137-45 . book of Experimental Economic Methodology . Chen , M. K. , Lakshminaryanan , V. , and Santos , Oxford : Oxford University Press . pp . 249-95 . L. ( 2006 ) . How basic are behavioral biases ?

The Foundations of Behavioral Economic Analysis

This first volume of The Foundations of Behavioral Economic Analysis covers the opening topic found in this definitive introduction to the subject: the behavioral economics of risk, uncertainty, and ambiguity. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines how the decision maker chooses his optimal action in the presence of risk, uncertainty, and ambiguity. This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioural economics.

The Elgar Companion to Recent Economic Methodology

'I think it is fair to say that for the main existence problems in the theory of economic equilibrium, one can now bypass the fixed ... Winning Ways for your mathematical plays – Volume 2: Games in Particular, London: Academic Press.

The Elgar Companion to Recent Economic Methodology

Economic methodology has traditionally been associated with logical positivism in the vein of Milton Friedman, Karl Popper, Imre Lakatos and Thomas Kuhn. However, the emergence and proliferation of new research programs in economics have stimulated many novel developments in economic methodology. This impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology. Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics. This important compendium will prove invaluable for researchers and postgraduate students of economic methodology and the philosophy of economics. Practitioners in the vanguard of new economic thinking will also find plenty of useful information in this path-breaking book.

Reflections and Extensions on Key Papers of the First Twenty Five Years of Advances

The entrepreneurial way with information. In S. Maital (Ed.), Applied behavioral economics (Vol. 2, pp. 481–503). Gilad, B., & Levin, P. (1986). A behavioral model of entrepreneurial supply. Journal of Small Business Management, 24(4), ...

Reflections and Extensions on Key Papers of the First Twenty Five Years of Advances

Written and edited by some of the world’s leading entrepreneurship academics, this anniversary volume showcases three of the most influential chapters from the series, along with author reflections, as well as new papers showing how these classic ideas connect and energize leading-edge contemporary research in entrepreneurship and related fields.

Experiments in Environmental Economics

86-2, University of Arizona, 1987. _____ and Williams, Arlington, “The Boundaries of Competitive Price Theory: Convergence, Expectations, and Transaction Costs,” in L. Green and J. Kagel, eds., Advances in Behavioral Economics, Vol.

Experiments in Environmental Economics

This title was first published in 2003.Over the decades, experiential methods have become an established research tool in environmental economics. Economists working in this area have realised that experimental methods from economics and other disciplines such as psychology and decision theory can be applied to gain insight into the behavioral underpinnings of environmental policy. Economic experiments, in the lab and field, are an attractive tool to address the incentive and contextual questions that arise in environmental policy. Experiments have been and continue to be designed to capture the key elements of market and non-market choices to test theory, for pattern recognition, to testbed new institutions, and to value public goods, including environmental protection. This volume collects the most significant papers in the literature that identify the underpinnings of experimental approaches are complemented by works that specifically address the use of experimental economics to identify choice under risk, conflict, cooperation, environmental policy instruments, and environmental valuation

Cognitive Mapping

Vol . 2 : Behavioral Economics and Business Organization . Cambridge , MA : MIT . ( 1990 ) Invariants of human ... Progress in Human Geography , 16 , 361-82 . and Horowitz , J.L. ( 1997 ) Travel - time constraints on destination ...

Cognitive Mapping

This important work brings together international academics from a variety of disciplines to explore the topic of spatial cognition on a 'geographic' scale. It provides an overview of the historical origins of the subject, a description of current debates and suggests directions for future research.

Using Surveys to Value Public Goods

... eds., Advances in Behavioral Economics (Greenwich, Conn., JAI Press). Brookshire, David 5., and Thomas D. Crocker. 1981. “The Advantages of Contingent Valuation Methods for Benefit-Cost Analysis,” Public Choice vol. 36, pp. 235-252.

Using Surveys to Value Public Goods

Economists and others have long believed that by balancing the costs of such public goods as air quality and wilderness areas against their benefits, informed policy choices can be made. But the problem of putting a dollar value on cleaner air or water and other goods not sold in the marketplace has been a major stumbling block. Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to succeed, if used carefully, where other methods may fail. The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. Mitchell and Carson begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the data-gathering technique on which it is based---survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated. In developing a CV methodology, the authors deal with issues of broader significance to survey research. Their model of respondent error is relevant to current efforts to frame a theory of response behavior and bias typology will interest those considering the cognitive aspects of answering survey questions. Mitchell and Carson conclude that the contingent valuation method can obtain valid valuation information on public goods, but only if the method is applied in a way that addresses the potential sources of error and bias. They end their book by providing guidelines for CV practitioners, a list of questions that should be asked by any decision maker who wishes to use the findings of a CV study, and suggestions for new applications of contingent valuation. Additional features include a comprehensive bibliography of the CV literature and an appendix summarizing more than 100 CV studies.

Social Responsibility Therapy for Adolescents and Young Adults

Behavioral interventions in resource conservation: A systems approach based on behavioral economics. American Psychologist, 37 ... In A. Ellis and R. M. Grieger (Eds.), Handbook of Rational-Emotive Therapy, Vol. 2 (pp. 397¥421).

Social Responsibility Therapy for Adolescents and Young Adults

Gain the unique approach to enhance relapse prevention in harmful behavior treatment Social Responsibility Therapy for Adolescents and Young Adults: A Multicultural Treatment Manual for Harmful Behavior is a crucial treatment manual that can be used by mental health professionals whose caseload includes a multicultural population of adolescents and young adults who exhibit multiple forms of harmful behavior. This unique therapy enhances relapse prevention in harmful behavior treatment by addressing the target behavior problem, negative social influence problem, and dose-response problem, along with acknowledging that harmful behavior is multicultural and addressing the key criticisms of multicultural therapy through a theory-driven treatment approach that utilizes methods and procedures from existing evidence-based treatments with known multicultural applications. Social Responsibility Therapy for Adolescents and Young Adults: A Multicultural Treatment Manual for Harmful Behavior provides a comprehensive explanation of Social Responsibility Therapy, its advantages, and the intervention evidence-base for multiple forms of harmful behavior. This text discusses in detail the multicultural intervention approach, its rationale, and content. Implementation methods and treatment protocol are explored. The book includes illustrated case studies, tables, figures, and references to additional available readings. Topics discussed in Social Responsibility Therapy for Adolescents and Young Adults: A Multicultural Treatment Manual for Harmful Behavior include: evidence-based procedures used in Structured Discovery learning experiences to target harmful behavior helping clients discover how they acquired, maintained, and generalized a broad range of harmful behavior addressing target behavior problems, negative social influence problems, and the dose-response problem five areas of human functioning that are critical to the wellbeing of self and others which can only be addressed through psychotherapy and forensic parenting developing prosocial behavior alternatives which contribute to both relapse prevention and personal development and much more! Social Responsibility Therapy for Adolescents and Young Adults: A Multicultural Treatment Manual for Harmful Behavior is an essential resource for social workers, counselors, psychologists, and psychiatrists whose caseloads include a multicultural population of young people who exhibit multiple forms of harmful, abusive behavior.

Handbook of Behavioural Change and Public Policy

Camerer, Colin, George Loewenstein and Matthew Rabin (eds) (2004), Advances in Behavioral Economics. The roundtable series in ... (1988), Behavioural Economics: Volume II, Aldershot, UK and Brookfield, VT: Edward Elgar Publishing.

Handbook of Behavioural Change and Public Policy

Behavioural change has become a core issue of public policy. Behavioural instruments such as ‘nudging’ apply insights from behavioural economics and behavioural sciences, psychology and neurosciences across a broad range of policy areas. Behavioural insights teams and networks facilitate the global spread of behavioural public policies. Despite an ever-growing amount of literature, research has remained fragmented. This comprehensive Handbook unites interdisciplinary scholarship, with contributions critically assessing the state and direction of behavioural public policies, their normative implications and political consequences.

Corporate Social Responsibility and Corporate Governance

Aoki, M. (2007b) 'Endogenizing Institutions and Institutional Change', Journal of Institutional Economics, vol. 3, pp. 1–39. Binmore, K. (1987) 'Modeling Rational Players', Economics and Philosophy, 1(3), pp. 9–55 and 2(4), pp. 179–214.

Corporate Social Responsibility and Corporate Governance

Corporate social responsibility is examined in this book as multi-stakeholder approach to corporate governance. This volume outlines neo-institutional and stakeholder theories of the firm, new rational choice and social contract normative models, self regulatory and soft law models, and the advances from behavioural economics.

Models of Simon

Barberis, Nicholas and Richard Thaler (2005), A Survey of Behavioral Finance, chapter 1, pp. 1–75, in: Advances in Behavioral Economics, Vol. 2, edited by Richard H. Thaler, Princeton University Press, Princeton, NJ.

Models of Simon

Herbert Simon (1916-2001) is mostly celebrated for the theory of bounded rationality and satisficing. This book of essays on Models of Simon tackles these topics that the he broached in a professional career spanning more than 60 years. Expository material on the fundamental concepts he introduced are re-interpreted in terms of the theory of computability. This volume frames the behavioural issues of concern for economists, such as: hierarchy, causality, near-diagonal linear dynamical systems, discovery, the contrasts between the notion of heuristics, and the Church-Turing Thesis of Computability Theory. There is, consistently, an emphasis on the historical origins of the concepts Simon worked with, in emphasising Human Problem Solving and Decision Making – by rational individuals and institutions (like Organizations). The main feature of the results in the book are its emphasis on the procedural aspects of human problem solving, decision making and the remarkable way Simon harnessed many tools of mathematical logic, mathematics, cognitive sciences, economics and econometrics. This long-awaited volume is an important read for those who study economic theory and philosophy, microeconomics and political economy, as well as those interested in the great Herbert Simon’s work.

Consumer Research

W.F. (1988) 'Information processing and decision making: cognitive aspects of economic behaviour', in W.F. Van Raaij. ... NJ: Erlbaum. and (eds) ( 1 994b) Handbook of Social Cognition, Volume 2: Application. 2nd edn. Hillsdale.

Consumer Research

Consumer Research: Postcards from the Edge is a collection of cutting-edge essays by leading exponents of postmodern consumer research from Europe and America. Topics covered include: * chronicle, composition and fabulation in consumer research * postmodern approaches to pluralism in consumer research * marketing in cyberspace * poststructuralism in marketing * semiotics in marketing and consumer research

Advances in Economics and Econometrics Volume 2

Psychology and Development Economics. Yrjo Jahnsson Foundation 50th Anniversary Conference on Economics Institutions and Behavioral Economics. P. Diamond and H. Vartiainen. Princeton, Princeton University Press. Mullainathan, S. andR.

Advances in Economics and Econometrics  Volume 2

This volume contains 14 essays on seminal topics in economic analysis by internationally renowned scholars.