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This sixth volume of The Foundations of Behavioral Economic Analysis covers behavioral models of learning. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines evolutionary game theory, models of learning, and stochastic social dynamics.
This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioral economics.
List of contents
- Preface to Volume VI
- Preface to the Foundations of Behavioral Economic Analysis
- Introduction to Volume VI
- Introduction to Behavioral Economics and the Book Volumes
- 1: Evolutionary Game Theory
- 2: Models of Learning
- 3: Stochastic Social Dynamics
- 4: A Guide to Further Reading
- Appendices
About the author
Sanjit Dhami is Professor of Economics at the University of Leicester. He studied at the Delhi School of Economics and the University of Toronto for his Masters, MPhil, and PhD degrees in economics. He has previously taught at the Universities of Toronto, Essex, and Newcastle. His research has mainly focused on behavioral economic theory and its applications. He has published on the axiomatic foundations of the various components of prospect theory, behavioral political economy using other-regarding preferences, behavioral time preferences, foundations of behavioral game theory, and applications in tax evasion, stochastic dominance concepts under other-regarding preferences, and in behavioral law and economics.
Summary
This is the sixth volume of focused texts developed from leading textbook The Foundations of Behavioral Economics. Authoritative, cutting edge, and accessible, this volume covers behavioral modes of learning.
Additional text
Almost all the chapters follow a basic structure: they sketch the neoclassical theory; review evidence on its empirical plausibility; introduce alternative behavioral theories; finally go on to discuss further evidence of the newer theories' relative successes and failures compared to the neoclassical theories. A lot of thought has gone into writing the introductions of each section as they outline the broad trends, debates, and core empirical results, making it easy to get into the detailed chapters with a clear idea of the direction of research in that topic.To sum it up, the book ends up doing exactly what it promised, take stock of behavioral economicscourse text for advanced students.., a research handbook for behavioral economists, and an invitation to economists and other social scientists of all persuasions to explore this exciting new field.
Report
The Foundations of Behavioral Economic Analysis is a masterpiece. It covers the whole field of behavioral economics. And it is also an easy read, as beautiful examples throughout lead readers to appreciate behavioral decisions from the perspective of their own lifetime experience. George A. Akerlof, Daniel E. Koshland, Sr. Distinguished Professor Emeritus of Economics, University of California at Berkeley and 2001 Nobel Laureate in economics
