Behavioural Economics

Behavioural Economics Psychology, Neuroscience, and the Human Side of Economics - Hot Science

Paperback (07 Jan 2021)

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Synopsis

The controversial science that claims to have revolutionised economics.

For centuries, economics was dominated by the idea that we are rational individuals who optimise our own 'utility'. Then, in the 1970s, psychologists demonstrated that the reality is a lot messier. We don't really know what our utility is, and we care about people other than ourselves. We are susceptible to external nudges. And far from being perfectly rational we are prone to 'cognitive biases' with complex effects on decision-making, such as forgetting to prepare for retirement. 

David Orrell explores the findings from psychology and neuroscience that are shaking up economics - and that are being exploited by policy-makers and marketers alike, to shape everything from how we shop for food, to how we tackle societal happiness or climate change. Finally, he asks: is behavioural economics a scientific revolution, or just a scientific form of marketing?

Book information

ISBN: 9781785786440
Publisher: Icon Books Ltd
Imprint: Icon Books
Pub date:
DEWEY: 330.019
DEWEY edition: 23
Language: English
Sales rank: 28990
Number of pages: 176
Weight: 120g
Height: 204mm
Width: 129mm
Spine width: 16mm