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Behavioural economics and finance / by Michelle Baddeley.

By: Material type: TextTextSeries: Routledge Advanced Texts in Economics and Finance SeriesPublication details: New York : Routledge, 2012.Description: xvi, 305 pISBN:
  • 9780415614788 (pbk.) :
Subject(s): DDC classification:
  • 330.019 BAD
Abstract: Standard models in economic and finance usually assume that people are rational, self-interested maximisers, effectively co-ordinated via the invisible hand of the price mechanism. Whilst these approaches produce tractable, simple models they cannot fully capture the uncertainties and instabilities that affect everyday choices in today’s complex world. Insights from the other social and behavioural sciences can help to fill the gap and behavioural economics is the subject which brings economics and finance together with psychology, neuroscience and sociology. Behavioural Economics and Finance introduces the reader to some of the key concepts and insights from this rich, inter-disciplinary approach to real-world decision-making.
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Book Book Bangalore 330.019 BAD (Browse shelf(Opens below)) Available IIMB-78039
Book Book Raipur 330.019 BAD-13 (Browse shelf(Opens below)) Available IIMRP-4389
Book Book Raipur 330.019 BAD-13 (Browse shelf(Opens below)) Available IIMRP-5888
Total holds: 0

Standard models in economic and finance usually assume that people are rational, self-interested maximisers, effectively co-ordinated via the invisible hand of the price mechanism. Whilst these approaches produce tractable, simple models they cannot fully capture the uncertainties and instabilities that affect everyday choices in today’s complex world. Insights from the other social and behavioural sciences can help to fill the gap and behavioural economics is the subject which brings economics and finance together with psychology, neuroscience and sociology. Behavioural Economics and Finance introduces the reader to some of the key concepts and insights from this rich, inter-disciplinary approach to real-world decision-making.

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