Behavioural Economics and Finance

Zusatztext "This new next! Behavioural Economics and Finance ! by Michelle Baddeley! is a useful introduction into an ever-expanding area from which we can expect many other primers to emerge in the next decade." - Jason F. Shogren! University of Wyoming! Journal of Economic Literature " This book introduces the reader to some of the key concepts and insights from the rich! interdisciplinary appraoch to real-world decision-making of behavioural econmics in general and behavioural finance in specific. [...] Each theme is explored theorteically and illustrated with recent findings from experimental and neuroeconomics research." - Lucia A. Reisch! Journal of Consumer Policy! 2014 Informationen zum Autor Michelle Baddeley is Fellow and Director of Studies (Economics) at Gonville & Caius College! Cambridge University! UK. Her current research is sponsored by the Leverhulme Trust and focuses on blending economic theories about herding and social learning with psychological and neuroscientific evidence. Klappentext This book describes the principle tenets of behavioural economics and assesses their implications for future research and real-world policy making. Zusammenfassung 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. Inhaltsverzeichnis Part I: Background  1. Introduction  2. Foundations: Psychology  3. Foundations: Neuroscience and Neuroeconomics  Part II: Behavioural Microeconomic Principles  4. Learning  5. Socially and Identity  6. Heuristics and Biases  7. Prospects and Regrets  8. Personality! Moods and Emotions  9. Time and Plans  10. Bad Habits  Part III: Macroeconomics and Financial Markets  11. Financial Instability  12. Behavioural Macroeconomics! Happiness and Wellbeing ...

Product details

• Authors: Michelle Baddeley, Michelle (University College London Baddeley, Michelle (University of South Australia' Baddeley, Baddeley Michelle
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 04.09.2012
• EAN: 9780415614788
• ISBN: 978-0-415-61478-8
• No. of pages: 310
• Series: Routledge Advanced Texts in Economics and Finance
• Subjects: Humanities, art, music > Psychology > Theoretical psychology; Social sciences, law, business > Business > General, dictionaries