possess a toolkit of heuristics to make decisions under certainty, risk, subjective uncertainty, and true uncertainty (or … Knightian uncertainty). We outline recent advances in knowledge about the use of heuristics and departures from Bayesian …, founded on psychological work on the usefulness of certain heuristics, are based on serious misunderstandings …

theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …

students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and … -- Behavioral game theory -- Behavioral models of learning -- Emotions -- Bounded rationality -- Behavioral welfare economics …

students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and …5 Five theoretical approaches in behavioral economics -- 5.1 A case study of prospect theory -- 5.2 Human sociality and …: disequilibrium in beliefs in strategic interaction -- 5.5 The heuristics and biases program: radical behavioral economics -- 6 Five …