Behavioural Economics
Psychology, neuroscience, and the human side of economics
Published on 7. January 2021
176 pages
978-1-78578-645-7 (ISBN)
Description
The controversial science that claims to have revolutionised economics.
For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We don't really know what our utility is, and we care about people other than ourselves. We are susceptible to external nudges. And far from being perfectly rational we are prone to 'cognitive biases' with complex effects on decision-making, such as forgetting to prepare for retirement.
David Orrell explores the findings from psychology and neuroscience that are shaking up economics - and that are being exploited by policy-makers and marketers alike, to shape everything from how we shop for food, to how we tackle societal happiness or climate change. Finally, he asks: is behavioural economics a scientific revolution, or just a scientific form of marketing?
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Book
01/2021
Icon Books
€14.50
Available immediately
Person
David Orrell is a scientist and writer of books on science and economics. His latest books are Economyths: 11 Ways Economics Gets It Wrong (Icon Books, 2017), and Quantum Economics: The New Science of Money (Icon Books, 2018).
Content
- Intro
- Praise
- Title Page
- Contents
- Introduction
- 1: Stay or Go?
- 2: The Rational(ish) Animal
- 3: Too Much Information
- 4: Prospect Theory
- 5: 'Paradoxes'
- 6: The Pleasure Machine
- 7: Safety in Numbers
- 8: The Big Picture
- Further reading
- Index
- About the Author
- Copyright
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