Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model:
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| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aachen
Shaker
2014
|
| Series: | Fontys Venlo-publication of applied sciences
11 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Literaturangaben |
| Physical Description: | XIII, 146 S. graph. Darst. |
| ISBN: | 9783844026610 |
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| adam_text | VI
TABLE OF CONTENTS
LIST OF APPREVIATIONS IX
LIST OF FIGURES X
LIST OF TABLES XT
LIST OF FORMULAS XII
LIST OF SYMBOLS XIII
1 INTRODUCTION - 1 -
1.1 PRESENTATION OF THE PROBLEM - 1 -
1.2 OBJECTIVES AND PROCEDURE OF THE THESIS - 3 -
2 THEORETICAL BACKGROUND OF BEHAVIORAL ECONOMICS - 6 -
2.1 BEHAVIORAL ECONOMICS AS AN ECONOMIC DISCIPLINE - 6 -
2.1.1 FORMATION AND EVOLUTION OF BEHAVIORAL ECONOMICS - 6 -
2.1.1.1 EARLY BEGINNINGS - 6 -
2.1.1.2 NEW BEHAVIORAL ECONOMICS AND RECENT DEVELOPMENTS - 9 -
2.1.2 DIFFERENCES TO NEOCLASSICAL ECONOMICS -12-
2.1.2.1 DIFFERING FOUNDATIONS -12-
2.1.2.2 DIFFERENCES IN MODELS AND APPROACHES -13-
2.1.3 PSYCHOLOGICAL FEATURES IN BEHAVIORAL ECONOMICS - 15 -
2.1.3.1 INCORPORATED PSYCHOLOGICAL FEATURES - 15-
2.1.3.2 IMPORTANCE AND CONSEQUENCES OF PSYCHOLOGICAL FEATURES - 17 -
2.1.4 FIELDS OF APPLICATION -19-
2.1.4.1 FINANCE AS FIELD OF APPLICATION - 19 -
2.1.4.2 SAVINGS AS FIELD OF APPLICATION - 20 -
2.1.4.3 HEALTHCARE AS FIELD OF APPLICATION -21-
2.1.4.4 GENERAL APPLICATION AND OTHER FIELDS - 23 -
2.2 BASIC DEFINITIONS - 24 -
2.2.1 RATIONALITY - 24 -
2.2.2 MANIPULATION OF DECISION MAKING - 27 -
2.3 CRITICAL REVIEW OF THE BEHAVIORAL ECONOMIC BASICS - 28 -
HTTP://D-NB.INFO/1048065928
VII
3 EXPLANATORY APPROACHES TO IRRATIONAL BEHAVIOR OF ECONOMIC AGENTS - 30
3.1 BOUNDED RATIONALITY -30
3.1.1 BEHAVIORAL BACKGROUND OF HUMAN S BOUNDED RATIONALITY - 30
3.1.2 EXPERIMENTAL EVIDENCE OF HUMAN S BOUNDED RATIONALITY - 33
3.1.3 CONSEQUENCES OF BOUNDED RATIONALITY - 34
3.1.3.1 GENERAL CONSEQUENCES OF BOUNDED RATIONALITY ON ECONOMIC MODELS -
34
3.1.3.2 HEURISTICS AND BIASES AS CONSEQUENCES ON HUMAN BEHAVIOR -35
3.2 BOUNDED WILLPOWER AND LACK OF SELF-CONTROL - 39
3.2.1 BEHAVIORAL BACKGROUND OF HUMAN S LACK OF SELF-CONTROL - 39
3.2.2 EXPERIMENTAL EVIDENCE OF HUMAN S LACK OF SELF-CONTROL - 41
3.2.3 CONSEQUENCES OF BOUNDED SELF-CONTROL - 43
3.3 BOUNDED SELF-INTEREST -46
3.3.1 BEHAVIORAL BACKGROUND OF HUMAN S BOUNDED SELF-INTEREST - 46
3.3.2 EXPERIMENTAL EVIDENCE OF HUMAN S BOUNDED SELF-INTEREST - 49
3.3.3 CONSEQUENCES OF BOUNDED SELF-INTEREST - 53
3.3.3.1 CONSEQUENCES OF BOUNDED SELF-INTEREST ON HUMAN BEHAVIOR - 53
3.3.3.2 CONSEQUENCES OF BOUNDED SELF-INTEREST ON ECONOMICS - 54
3.4 ADJUSTMENTS TO THE HOMO ECONOMICUS - 55
3.5 CRITICAL REVIEW OF THE BEHAVIORAL EXPLANATIONS FOR BOUNDED
RATIONALITY - 57
4 BOUNDED RATIONALITY AS DOOR-OPENER FOR MANIPULATION - 62
4.1 GENERAL MANIPULATIVE EFFECTS - 62
4.2 POWER OF PRICE - 65
4.2.1 PLACEBO EFFECT OF MARKETING ACTIONS - 65
4.2.2 ZERO PRICE EFFECT -66
4.3 EFFECTS OF THE SURROUNDINGS AND OTHER CUES - 68
4.3.1 FRAMING -68
4.3.2 PRIMING -70
4.3.3 ANCHORING - 73
4.4 CRITICAL REVIEW OF THE BEHAVIORAL VIEW OF MANIPULATIVE EFFECTS - 75
5 BASIC APPLICATION OF BOUNDED RATIONALITY TO A NEOCLASSICAL ECONOMIC
MODEL. - 77
5.1 PREFERENCES INCLUDING REFERENCE LEVELS AND LOSS AVERSION - 77
5.1.1 PRESENTATION OF THE NEOCLASSICAL ECONOMIC UTILITY MODELS - 77
VIII
5.1.1.1 UTILITY FUNCTION -77
5.1.1.2 EXPECTED UTILITY THEORY -79
5.1.2 DIFFICULTIES CAUSED BY BOUNDED RATIONALITY - 82
5.1.2.1 DISPROVE OF REFERENCE INDEPENDENCE AND LOSS NEUTRALITY - 82
5.1.2.2 CONSEQUENCES OF REFERENCE DEPENDENCE AND LOSS AVERSION - 84
5.1.2.3 DISPROVE OF THE AXIOMS OF EXPECTED UTILITY THEORY AND ITS
CONSEQUENCES - 86
5.1.3 INCORPORATION OF BOUNDED RATIONALITY INTO THE MODELS OF UTILITY -
89
5.1.3.1 INCORPORATION OF REFERENCE DEPENDENCE AND LOSS AVERSION - 89
5.1.3.2 PROSPECT THEORY FOR RISKY CHOICES - 90
5.1.4 MANIPULATION THROUGH REFERENCE-DEPENDENT PREFERENCES AND LOSS
AVERSION - 95
5.2 PREFERENCES IN INTERTEMPORAL CHOICES - 96
5.2.1 DISCOUNTED UTILITY MODEL - 96
5.2.2 DIFFICULTIES IN THE DISCOUNTED UTILITY MODEL CAUSED BY BOUNDED
RATIONALITY - 100
5.2.2.1 IMPLICATIONS ON THE DISCOUNT FACTOR AND ITS CONSEQUENCES - 100
5.2.2.2 IMPLICATIONS ON THE INSTANTANEOUS UTILITY FUNCTION AND ITS
CONSEQUENCES - 104
5.2.3 INCORPORATION OF BOUNDED RATIONALITY INTO A MODEL OF INTERTEMPORAL
PREFERENCES - 107
5.2.3.1 MODIFICATION OF THE DISCOUNT FUNCTION - 107
5.2.3.2 MODIFICATION OF THE INSTANTANEOUS UTILITY FUNCTION - 109
5.2.4 POTENTIAL OPPORTUNITIES OF MANIPULATIONS IN INTERTEMPORAL
CHOICES.... - 112
5.3 CRITICAL REVIEW OF BEHAVIORAL ECONOMIC MODELS - 114
6 CONCLUSION -116
6.1 ACHIEVEMENT OF OBJECTIVES - 116
6.2 GENERAL PERSPECTIVES OF BEHAVIORAL ECONOMICS - 118
BIBLIOGRAPHY - 121
INTERNET SOURCES - 144
|
| any_adam_object | 1 |
| author | Jäger, Clemens C. Knoche, Julia Frère, Eric 1964- |
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| dewey-ones | 330 - Economics |
| dewey-raw | 330.1019 |
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| discipline | Wirtschaftswissenschaften |
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| physical | XIII, 146 S. graph. Darst. |
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| spelling | Jäger, Clemens C. Verfasser (DE-588)137632576 aut Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model Clemens Jäger ; Julia Knoche ; Eric Frère Aachen Shaker 2014 XIII, 146 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Fontys Venlo-publication of applied sciences 11 Literaturangaben Eingeschränkte Rationalität (DE-588)4403080-0 gnd rswk-swf Neoklassisches Modell (DE-588)4115361-3 gnd rswk-swf Verhaltensökonomie (DE-588)7751254-6 gnd rswk-swf Verhaltensökonomie (DE-588)7751254-6 s Eingeschränkte Rationalität (DE-588)4403080-0 s Neoklassisches Modell (DE-588)4115361-3 s DE-604 Knoche, Julia Verfasser aut Frère, Eric 1964- Verfasser (DE-588)115743790 aut Fontys Venlo-publication of applied sciences 11 (DE-604)BV040893265 11 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027522611&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Jäger, Clemens C. Knoche, Julia Frère, Eric 1964- Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model Fontys Venlo-publication of applied sciences Eingeschränkte Rationalität (DE-588)4403080-0 gnd Neoklassisches Modell (DE-588)4115361-3 gnd Verhaltensökonomie (DE-588)7751254-6 gnd |
| subject_GND | (DE-588)4403080-0 (DE-588)4115361-3 (DE-588)7751254-6 |
| title | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model |
| title_auth | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model |
| title_exact_search | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model |
| title_full | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model Clemens Jäger ; Julia Knoche ; Eric Frère |
| title_fullStr | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model Clemens Jäger ; Julia Knoche ; Eric Frère |
| title_full_unstemmed | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model Clemens Jäger ; Julia Knoche ; Eric Frère |
| title_short | Behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model |
| title_sort | behavioral economic approaches towards irrationality and manipulation with a basic application to a neoclassical economic model |
| topic | Eingeschränkte Rationalität (DE-588)4403080-0 gnd Neoklassisches Modell (DE-588)4115361-3 gnd Verhaltensökonomie (DE-588)7751254-6 gnd |
| topic_facet | Eingeschränkte Rationalität Neoklassisches Modell Verhaltensökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027522611&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV040893265 |
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