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181   $ctxt$2rdacontent
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200 10$aIs behavioral economics doomed?$b[electronic resource] $ethe ordinary versus the extraordinary /$fDavid K. Levine
210   $aCambridge $cOpen Book Publishers$d2012
215   $a1 online resource (141 pages) $cillustrations; digital, PDF file(s)
300   $aDescription based upon print version of record.
300   $aAvailable through Open Book Publishers.
311   $a1-906924-92-9 
311   $a1-906924-93-7 
320   $aIncludes bibliographical references and index.
327   $a. Introduction -- 2. Does economic theory work? -- 3. Why is the world so irrational? -- 4. Does economic theory fail? -- 5. You can fool some of the people ... -- 6. Behavioral theories I : biases and irrationality -- 7. Behavioral theories II : time and uncertainty -- 8. Learning and friends -- 9. Conclusion: Psychology, neuroscience and economics.
330   $a"It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics — an effort to incorporate psychological ideas into economics — has become all the rage.This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine's book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics."--Publisher's website.
606   $aEconomics$xPsychological aspects
610   $aEconomic models
610   $aEconomic theory
610   $aEconomics
610   $aGame theory
610   $aMicroeconomics
610   $aPsychology
610   $aRationality
615  0$aEconomics$xPsychological aspects.
676   $a330.019
700   $aLevine$b David K$0121820
712 02$aOpen Book Publishers.
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