Microeconomics: optimization, experiments and behavior / John P Burkett

By:

Burkett, John P

Material type: Text

TextPublication details: Oxford : Oxford University Press, 2006Description: xvi, 326p. 25cmISBN:

0195189620

Subject(s):

Microeconomics

DDC classification:

338.5 BUR

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Average rating: 0.0 (0 votes)

Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	338.5 BUR (Browse shelf(Opens below))	Available		IIMC-120104

Total holds: 0

The most innovative feature of the book is its extensive coverage of recent research in behavioral and experimental economics. This research not only documents behavior inconsistent with some elements of traditional theory but also advances positive theories with superior predictive power. The research covered includes studies of loss aversion, reference-dependent preferences, the context and framing of choice, hyperbolic discounting and inconsistent intertemporal choice, predictable errors in updating probabilities, nonlinear weighting of probabilities, and prospect theory.

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