1.

Record Nr.

UNINA9910786588903321

Autore

Baddeley Michelle <1965-, >

Titolo

Behavioural economics and finance / / Michelle Baddeley

Pubbl/distr/stampa

Abingdon, Oxon : , : Routledge, , 2013

ISBN

9781351813990 (electronic book)

Descrizione fisica

1 online resource (329 pages.)

Collana

Routledge advanced texts in economics and finance ; ; 18

Disciplina

330.019

Soggetti

Economics - Psychological aspects

Finance - Psychological aspects

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction -- Foundations: psychology -- Foundations: neuroscience and neuroeconomics -- Learning -- Socially and identity -- Heuristics and biases -- Prospects and regrets -- Personality, moods and emotions -- Time and plans -- Bad habits -- Financial instability -- Behavioural macroeconomics, happiness and wellbeing.

Sommario/riassunto

Standard models in economic and finance usually assume that people are rational, self-interested maximisers, effectively co-ordinated via the invisible hand of the price mechanism. Whilst these approaches produce tractable, simple models they cannot fully capture the uncertainties and instabilities that affect everyday choices in today's complex world. Insights from the other social and behavioural sciences can help to fill the gap and behavioural economics is the subject which brings economics and finance together with psychology, neuroscience and sociology. Behavioural Economics and Finan