1. Introduction -- 2. Two beginnings -- 3. The "Big 3." Simon, Katona, Leibenstein -- 4. It didn't just happen overnight -- 5. Leibenstein before X-efficiency theory -- 6. X-efficiency. An intervening variable -- 7. Empirical research on XE: : c 1967-1990 -- 8. XE among US financial institutions...

Contents: Foreword / by Vernon Smith -- 1. Introduction to smart decision-making / Morris Altman -- Part I Smart decision-makers, different types of rationality, and outcomes -- 2. Rational inefficiency : smart thinking, bounded rationality, and the scientific basis for economic failure and...

"This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy. Presenting analytical narratives from renowned economists and economic psychologists, the...