This book examines the field of behavioral economics and provides insights into the following questions:
- Does utility bring happiness?
- How do emotions and personal perspectives color our economic decisions?
- How do altruism, trust, fairness and justice come into play in game theory?
- Why are some organizations (e.g. National Rifle Association and the Mormons) so successful in implementing the objectives of collective action?
- Can advances in neuroeconomics unlock the secrets of how decisions are made?
- First book of its kind. Students and readers alike looking for evidence that tackles their underlying intuitive skepticism about how people make economic decisions will welcome this book
- Makes an important and unique contribution to the field of behavioral economics by introducing a wide range of material that is not too technical, easy to read and appropriate for college students at sophomore through senior level
- Looks beyond the standard assumptions of economics and offers a clear and comprehensive review of modern developments in decision making from several different perspectives
- Integrates economic analysis with psychology, sociology and political sciences
- Offers classroom games, exercises and case studies