Springer Texts in Business and Economics

Behavioral Economics

Toward a New Economics by Integration with Traditional Economics

Authors: Ogaki, Masao, Tanaka, Saori C.

  • Includes chapters on neuroeconomics, cultural and identity economics, and economics of happiness
  • Provides a full chapter on normative behavioral economics, which evaluates economic policies based on findings and theories of behavioral economics
  • Makes  clear that knowledge of traditional economics is a necessary basis to fully understand behavioral economics
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Buy this book

eBook $79.99
price for USA in USD (gross)
  • ISBN 978-981-10-6439-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.99
price for USA in USD
  • ISBN 978-981-10-6438-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this Textbook

This book is intended as a textbook for a course in behavioral economics for advanced undergraduate and graduate students who have already learned basic economics. The book will also be useful for introducing behavioral economics to researchers. Unlike some general audience books that discuss behavioral economics, this book does not take a position of completely negating traditional economics. Its position is that both behavioral and traditional economics are tools that have their own uses and limitations. Moreover, this work makes clear that knowledge of traditional economics is a necessary basis to fully understand behavioral economics. Some of the special features compared with other textbooks on behavioral economics are that this volume has full chapters on neuroeconomics, cultural and identity economics, and economics of happiness. These are distinctive subfields of economics that are different from, but closely related to, behavioral economics with many important overlaps with behavioral economics. Neuroeconomics, which is developing fast partly because of technological progress, seeks to understand how the workings of our minds affect our economic decision making. In addition to a full chapter on neuroeconomics, the book provides explanations of findings in neuroeconomics in chapters on prospect theory (a major decision theory of behavioral economics under uncertainty), intertemporal economic behavior, and social preferences (preferences that exhibit concerns for others). Cultural and identity economics seek to explain how cultures and people’s identities affect economic behaviors, and economics of happiness utilizes measures of subjective well-being. There is also a full chapter on behavioral normative economics, which evaluates economic policies based on findings and theories of behavioral economics.

About the authors

Masao Ogaki is a professor at the Faculty of Economics, Keio University.  He graduated from the Department of Economics at Osaka University, Japan, in 1982. In 1988, he obtained his Ph.D. at the University of Chicago. He then taught at the University of Rochester and Ohio State University before joining the faculty of Keio University in 2009. He served as president of the Association of Behavioral Economics and Finance, November 2015 to December 2017), was editor of the Japanese Economic Review (August 2011 to January 2016), and editor of the Journal of Money, Credit, and Banking (September 2003 to August 2009).

Saori C. Tanaka is the head of the Department of Neural Computation for Decision-Making of the ATR Brain Information Communication Research Laboratory Group, Kyoto, Japan. She graduated from the Department of Physics at Osaka University, Japan, in 2001. In 2006, she completed her Ph.D. at the Nara Institute of Science and Technology, Graduate School of Information Science, Japan. She then worked as a visiting researcher at the California Institute of Technology and an associate professor at the Institute of Social and Economic Research, Osaka University, Japan. Her field of expertise is the study of the brain mechanism of decision making by using noninvasive human brain function measurement and computational theory of decision making.

Table of contents (11 chapters)

  • What Is Behavioral Economics?

    Ogaki, Masao (et al.)

    Pages 3-22

  • What Is Neuroeconomics?

    Ogaki, Masao (et al.)

    Pages 23-30

  • Economic Behavior Under Uncertainty

    Ogaki, Masao (et al.)

    Pages 33-54

  • Prospect Theory

    Ogaki, Masao (et al.)

    Pages 55-70

  • Bounded Rationality

    Ogaki, Masao (et al.)

    Pages 71-82

Buy this book

eBook $79.99
price for USA in USD (gross)
  • ISBN 978-981-10-6439-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.99
price for USA in USD
  • ISBN 978-981-10-6438-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Behavioral Economics
Book Subtitle
Toward a New Economics by Integration with Traditional Economics
Authors
Series Title
Springer Texts in Business and Economics
Copyright
2017
Publisher
Springer Singapore
Copyright Holder
Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-10-6439-5
DOI
10.1007/978-981-10-6439-5
Hardcover ISBN
978-981-10-6438-8
Series ISSN
2192-4333
Edition Number
1
Number of Pages
XVII, 211
Number of Illustrations and Tables
24 b/w illustrations
Topics