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Handbook of Behavioral Economics and Smart Decision-Making

June 23, 2017 by Morris Altman

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This handbook is a unique and original contribution of over thirty chapters of over thirty chapters on behavioral economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to the theme running through much contemporary work where individuals’ behavior is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines without economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, and the capabilities approach, institutional economics, methodology, nudging ethics, and public policy.