Books in Microeconomics general

Escaping from Bad Decisions

1st Edition
July 27, 2021
Kazuhisa Takemura
English
Paperback
9 7 8 0 1 2 8 1 6 0 3 2 9
eBook
9 7 8 0 1 2 8 1 6 0 3 3 6

Escaping from Bad Decisions presents a modern conceptual and mathematical framework of the decision-making process. By interpreting ordinal utility theory as normative analysis examined in view of rationality, it shows how decision-making under certainty, risk, and uncertainty can be better understood. It provides a critical examination of psychological models in multi-attribute decision-making, and evaluates the constitutive elements of "good" and "bad" decisions. Multi-attribute decision-making is analysed descriptively, based on the psychological model of decision-making and computer simulations of decision strategies. Finally, prescriptive examinations of multi-attribute decision-making are performed, supporting the argument that decision-making from a pluralistic perspective creates results that can help "escape" from bad decisions. This book will be of particular interest to graduate students and early career researchers in economics, decision-theory, behavioral economics, experimental economics, psychology, cognitive sciences, and decision neurosciences.

Behavioral Economics for Tourism

1st Edition
September 24, 2020
Milena S. Nikolova
English
Paperback
9 7 8 0 1 2 8 1 3 8 0 8 3
eBook
9 7 8 0 1 2 8 1 3 8 1 2 0

Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital mediation and disintermediation of tourism organizations, service design, and planning policy considerations. The volume concludes with case studies illustrating successful and unsuccessful behavioral tactics and strategies for tourism businesses and organizations.

Smart Economic Decision-Making in a Complex World

1st Edition
May 22, 2020
Morris Altman
English
Paperback
9 7 8 0 1 2 8 1 1 4 6 1 2
eBook
9 7 8 0 1 2 8 1 3 1 7 8 7

Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality.

The Beginnings of Behavioral Economics

1st Edition
September 24, 2019
Roger Frantz
English
Paperback
9 7 8 0 1 2 8 1 5 2 8 9 8
eBook
9 7 8 0 1 2 8 1 5 7 0 5 3

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy.

How Behavioral Economics Influences Management Decision-Making

1st Edition
July 20, 2018
Kelly Monahan
English
Paperback
9 7 8 0 1 2 8 1 3 5 3 1 0
eBook
9 7 8 0 1 2 8 1 3 5 6 8 6

How Behavioral Economics Influences Management Decision-Making: A New Paradigm critically reexamines the management function in 21st century workplaces. The book seeks to examine and explain the real-world behaviors of employees and acknowledge the human nature that binds us all together and how to appeal to these characteristics in order to help organizations prosper. It explores well-observed but rarely understood features of employee cognition and irrationality, challenging the dominant discourse and offering an alternative to gain greater competitive advantage in today's complex markets. It also provides an effective new framework on the best ways to develop relevant management skills as they pertain to hiring, performance management, change management, employee engagement, and goal setting. As the knowledge economy continues to grow, the social bonds within companies will prove to be a key differentiation to deliver on the next big idea. Developing productive decisions with staff in the talent-driven global economy increasingly requires the development of "intrinsic" meaning in work, a human-centered work-place culture, and human-focused working practices. This book tackles these topics in comprehensive and efficient detail.

The Cognitive Basis of Institutions

1st Edition
February 16, 2018
Shinji Teraji
English
Paperback
9 7 8 0 1 2 8 1 2 0 2 3 1
eBook
9 7 8 0 1 2 8 1 2 0 4 5 3

The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics synthesizes modern research in behavioral economics with traditional institutional economics. This work emphasizes that institution and agent are inextricably linked, and that both cognitive and institutional processes coalesce to influence human decision-making. It integrates cognition and institution through the behavioral economics theoretical lens of bounded rationality. Methodologically, it develops game-theoretical, complexity and neuroeconomic solutions to unite study of the two areas. The work concludes by proposing general implications for the economic study of decisions using the cognitive-institutional approach, also providing specific recommendations for public policy.

Decision-Making Management

1st Edition
July 20, 2017
Alberto Pliego Marugan + 1 more
English
Paperback
9 7 8 0 1 2 8 1 1 5 4 0 4
eBook
9 7 8 0 1 2 8 1 1 5 4 1 1

Decision-Making Management: A Tutorial and Applications provides practical guidance for researchers seeking to optimizing business-critical decisions employing Logical Decision Trees thus saving time and money. The book focuses on decision-making and resource allocation across and between the manufacturing, product design and logistical functions. It demonstrates key results for each sector with diverse real-world case studies drawn primarily from EU projects. Theory is accompanied by relevant analysis techniques, with a progressional approach building from simple theory to complex and dynamic decisions with multiple data points, including big data and lot of data. Binary Decision Diagrams are presented as the operating approach for evaluating large Logical Decision Trees, helping readers identify Boolean equations for quantitative analysis of multifaceted problem sets. Computational techniques, dynamic analysis, probabilistic methods, and mathematical optimization techniques are expertly blended to support analysis of multi-criteria decision-making problems with defined constraints and requirements. The final objective is to optimize dynamic decisions with original approaches employing useful tools, including Big Data analysis. Extensive annexes provide useful supplementary information for readers to follow methods contained in the book.

Microeconomics

1st Edition
Volume 30
July 15, 2014
M.C. Blad + 1 more
English
eBook
9 7 8 1 4 8 3 2 9 7 6 4 4

The first part of this book contains the material for a course in standard microeconomics and general equilibrium. These chapters contain the necessary background on commodities, consumers, producers, as well as the classical results about the existence of general (Walras) equilibria and the fundamentals of welfare theory. The second part of the book may be seen as a continuation dealing with more advanced topics.This textbook shows how the general equilibrium theory can be put into use to provide new insights into various fields of economic science. The reader does not need previous particular mathematical training; the formal approach is introduced in a piecemeal fashion, so that no difficult mathematics occurs in the beginning.

Methodology of Economics and Other Social Sciences

1st Edition
May 10, 2014
Fritz Machlup
Karl Shell
English
eBook
9 7 8 1 4 8 3 2 7 1 4 3 9

Methodology of Economics and Other Social Sciences covers the problems in the methodological aspects of economics and other social science disciplines. This book is organized into seven parts encompassing 26 chapters. The first parts review the nature and significance of methodology of economics, along with the models and theories in the field. The succeeding parts deal with the verification problems, operational concepts, and interpretation of reality in economics. Other parts explore the methodological aspects of other social sciences. The last parts discuss some aspects and applications of economic methodologies. This book will be of value to economists, social scientists, and researchers.

The Microeconomics of Complex Economies

1st Edition
April 15, 2014
Wolfram Elsner + 2 more
English
Hardback
9 7 8 0 1 2 4 1 1 5 8 5 9
eBook
9 7 8 0 1 2 4 1 1 5 9 9 6

The Microeconomics of Complex Economies uses game theory, modeling approaches, formal techniques, and computer simulations to teach useful, accessible approaches to real modern economies. It covers topics of information and innovation, including national and regional systems of innovation; clustered and networked firms; and open-source/open-innovation production and use. Its final chapter on policy perspectives and decisions confirms the value of the toolset. Written so chapters can be used independently, the book includes an introduction to computer simulation and pedagogical supplements. Its formal, accessible treatment of complexity goes beyond the scopes of neoclassical and mainstream economics. The highly interdependent economy of the 21st century demands a reconsideration of economic theories.

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