Behavioural economics and finance

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Title:

Author:

Baddeley, Michelle, 1965-

ISBN:

9780415614771

9780415614788

Personal Author:

Baddeley, Michelle, 1965-

Publication Information:

London : Routledge, 2013.

Physical Description:

xvi, 305 p. : ill. ; 25 cm.

Series:

Routledge advanced texts in economics and finance

Contents:

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

Subject Term:

Economics -- Psychological aspects.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025569803	330.019 B132B 2013	1	Searching... Unknown

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Summary

Standard models in economics 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 Finance introduces the reader to some of the key concepts and insights from this rich, inter-disciplinary approach to real-world decision-making.