TY - BOOK AU - Burkett,John P TI - Microeconomics: optimization, experiments and behavior SN - 0195189620 U1 - 338.5 PY - 2006/// CY - Oxford PB - Oxford University Press KW - Microeconomics N1 - 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 ER -