Behavioral Economics and Its Applications

Description

Behavioral economics has revolutionized the way economists view the world. This volume makes the case for a greater use of behavioral ideas in six fields - public economics, development, law and economics, health, wage determination, and organizational economics. It is intended policymakers, sociologists, psychologists, as well as economists.

Peter Diamond is Institute Professor and Professor of Economics at Massachusetts Institute of Technology. Hannu Vartiainen is Docent of the Helsinki School of Economics and Research Director of the Yrjo Jahnsson Foundation

"Diamond and Vartiainen offer an important, timely collection of essays on behavioral economics...The authors' approach is refreshing in that they make clear they are not interested in defending behavioral economics against more traditional economics."--H. Winter, Choice "Because the material for this book comes from a well organized conference, editors Diamond and Vartiainen had a good place to start when putting the volume together. Even with excellent source material, it is easy to take a wrong turn, but the editors never make that mistake. For non-specialists, this book serves as an excellent introduction to the cross-disciplinary investigation described as behavioral economics. The chapters offer a fine overview of the main branches of study. As a collection, the book strikes a careful balance between the competing goals of comprehensive coverage and digestible length. Recommended."--Wayne Edwards, Journal of Economic Issues