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x | |
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xi | |
Preface |
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xii | |
Acknowledgments |
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xvi | |
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Chapter 1 Nature of Behavioral Economics |
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2 | (26) |
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1.1 Behavioral economics and the standard model |
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4 | (10) |
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1.2 History and evolution of behavioral economics |
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14 | (2) |
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1.3 Relationship with other disciplines |
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16 | (5) |
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1.4 Objectives, scope and structure |
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21 | (1) |
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22 | (1) |
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22 | (1) |
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22 | (6) |
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Case 1.1 Loss-aversion in monkeys |
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23 | (2) |
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25 | (3) |
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28 | (33) |
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29 | (9) |
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38 | (10) |
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48 | (5) |
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53 | (1) |
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54 | (1) |
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54 | (7) |
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Case 2.1 Altruism and the brain |
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54 | (2) |
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56 | (5) |
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Chapter 3 Values, Preferences and Choices |
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61 | (55) |
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3.1 The neoclassical model |
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63 | (4) |
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3.2 Axioms, assumptions and definitions |
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67 | (3) |
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3.3 The evolutionary biology of utility |
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70 | (2) |
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3.4 The neuroscientific basis of utility |
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72 | (4) |
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3.5 Broadening rationality |
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76 | (12) |
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88 | (5) |
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93 | (7) |
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100 | (8) |
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108 | (1) |
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108 | (1) |
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109 | (7) |
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109 | (1) |
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Case 3.2 When abstention is better than moderate consumption |
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110 | (3) |
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Case 3.3 The psychology of supermarket selling |
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113 | (3) |
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Chapter 4 Beliefs and Expectations |
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116 | (38) |
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4.1 The neoclassical model |
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118 | (2) |
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4.2 Probability estimation |
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120 | (8) |
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128 | (8) |
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136 | (3) |
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4.5 Causes of irrationality |
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139 | (7) |
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146 | (1) |
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147 | (1) |
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147 | (1) |
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148 | (6) |
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Case 4.1 Trading on testosterone |
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148 | (1) |
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Case 4.2 Celebrity contagion and imitative magic |
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149 | (2) |
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Case 4.3 Trump, Brexit and post-truth politics |
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151 | (3) |
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Chapter 5 Decision-making under Risk and Uncertainty |
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154 | (69) |
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156 | (7) |
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5.2 Conventional approaches to modifying expected utility theory |
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163 | (4) |
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167 | (4) |
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171 | (4) |
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175 | (4) |
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5.6 Shape of the utility function |
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179 | (5) |
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184 | (11) |
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5.8 Criticisms of prospect theory |
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195 | (9) |
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5.9 Recent theories and conclusions |
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204 | (9) |
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213 | (2) |
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215 | (1) |
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215 | (1) |
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216 | (7) |
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Case 5.1 The endowment effect |
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216 | (3) |
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Case 5.2 Loss-Aversion In Golf |
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219 | (3) |
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Case 5.3 Serving size and eating habits |
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222 | (1) |
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Chapter 6 Mental Accounting |
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223 | (43) |
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6.1 Nature and components of mental accounting |
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224 | (1) |
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225 | (4) |
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6.3 Budgeting and fungibility |
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229 | (8) |
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6.4 Choice bracketing and dynamics |
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237 | (7) |
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244 | (11) |
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255 | (1) |
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256 | (1) |
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257 | (9) |
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Case 6.1 The equity premium puzzle |
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257 | (3) |
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Case 6.2 Why you can't find a cab on a rainy day |
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260 | (2) |
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Case 6.3 The housing market and debt |
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262 | (4) |
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PART III INTERTEMPORAL CHOICE |
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Chapter 7 The Discounted Utility Model |
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266 | (22) |
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267 | (1) |
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7.2 Origins of the discounted utility model |
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267 | (3) |
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7.3 Features of the discounted utility model |
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270 | (4) |
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274 | (4) |
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7.5 Anomalies in the discounted utility model |
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278 | (5) |
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283 | (1) |
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283 | (1) |
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284 | (4) |
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Case 7.1 The measurement of discount rates |
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284 | (4) |
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Chapter 8 Alternative Intertemporal Choice Models |
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288 | (60) |
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290 | (5) |
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8.2 Time-inconsistent preferences |
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295 | (4) |
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8.3 Hyperbolic discounting |
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299 | (8) |
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8.4 Modifying the instantaneous utility function |
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307 | (3) |
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310 | (6) |
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316 | (7) |
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323 | (11) |
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334 | (1) |
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335 | (1) |
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335 | (13) |
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Case 8.1 Price plans for gym memberships |
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335 | (2) |
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Case 8.2 The savings problem |
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337 | (4) |
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Case 8.3 The desire for rising consumption profiles |
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341 | (1) |
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341 | (3) |
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Case 8.5 Financial crashes |
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344 | (4) |
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PART IV STRATEGIC INTERACTION |
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Chapter 9 Behavioral Game Theory |
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348 | (51) |
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9.1 Nature of behavioral game theory |
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350 | (6) |
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356 | (5) |
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361 | (8) |
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369 | (5) |
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374 | (7) |
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381 | (4) |
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385 | (5) |
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390 | (2) |
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392 | (1) |
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392 | (1) |
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393 | (6) |
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Case 9.1 Penalty kicking in professional soccer |
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393 | (2) |
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Case 9.2 Bargaining and self-serving bias |
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395 | (1) |
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Case 9.3 Market entry in monopoly |
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396 | (3) |
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Chapter 10 Social Preferences |
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399 | (74) |
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10.1 The neoclassical model |
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401 | (3) |
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10.2 The nature of social preferences |
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404 | (9) |
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10.3 Factors affecting social preferences |
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413 | (12) |
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10.4 Modeling social preferences |
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425 | (4) |
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10.5 Inequality-aversion models |
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429 | (3) |
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432 | (5) |
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437 | (12) |
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449 | (8) |
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457 | (2) |
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459 | (1) |
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459 | (14) |
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459 | (4) |
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Case 10.2 Public goods and free-riding |
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463 | (1) |
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Case 10.3 Sales force compensation |
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464 | (2) |
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Case 10.4 Obesity, diet and health |
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466 | (7) |
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Chapter 11 Behavioral Economics: Summary and Outlook |
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473 | (43) |
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11.1 The agenda of behavioral economics |
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475 | (2) |
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11.2 Criticisms of behavioral economics |
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477 | (2) |
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479 | (4) |
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11.4 Are we really irrational? |
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483 | (6) |
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11.5 Welfare and happiness |
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489 | (5) |
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11.6 Problems in pursuing happiness |
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494 | (4) |
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498 | (8) |
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11.8 Future directions for behavioral economics |
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506 | (3) |
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509 | (7) |
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Case 11.1 The effects of brain damage on decision-making |
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509 | (2) |
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Case 11.2 The bioeconomic causes of war |
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511 | (2) |
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Case 11.3 Getting children to eat vegetables |
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513 | (3) |
Bibliography |
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516 | (69) |
Index |
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585 | |