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There is certainly a lot of choice going around in the market for contract law. This is a good thing, since choice is key to self-determination and may help improve our laws. Yet there may be such a thing as choice overload, and the introduction of the Common European Sales law is a timely...
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Financial decisions are among the most important life-shaping decisions that people make. We review facts about financial decisions and what cognitive and neural processes influence them. Because of cognitive constraints and a low average level of financial literacy, many household decisions...
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"Psychology and Behavioral Economics offers an expert introduction to how psychology can be applied to a range of …, and how did psychology become such a major player in economics? Answering these questions and more, this team of authors … behavior and social psychology, and key moments that brought behavioral sciences into the forefront of public policy. Featuring …
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Each member of a group receives a signal about the unknown state of the world and decides upon a utility-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the common utility function assuming perfect...
Persistent link: https://www.econbiz.de/10011684935
"This enlightening book comprehensively maps the current state of economic psychology and behavioural economics … economic decisions are made by answering key questions in the bordering field between economics and psychology. Close to the …
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