A growing body of academic research in the field of behavioural economics, political science and psychology demonstrate how an invisible hand can nudge people's decisions towards a preferred option. Contrary to the assumptions of the neoclassical economics, supporters of nudging argue that...

A growing body of academic research in the field of behavioural economics, political science and psychology demonstrate how an invisible hand can nudge people's decisions towards a preferred option. Contrary to the assumptions of the neoclassical economics, supporters of nudging argue that...

Behavioral Finance is one of the most novel developments in Behavioral Economics. Since the end of the 1970ies a wide range of psychological, economic and sociological laboratory and field experiments proved human beings deviating from rational choices and standard neo-classical profit...

Standard economic models primarily captured human beings to be rational utility maximizers in the homo oeconomicus model. Behavioral economics addressed human decision making fallibility in a wide range of studies including laboratory and field experiments as well as big data. The currently...

Globalization has led to an unprecedented correlation of massive global systems causing systemic risk to increase exponentially (Centeno et al., 2013). 10 years after the global financial crisis, what are the lessons learned, what was improved and what still needs to be accomplished? The crucial...

"This book focuses on intergenerational equity - the fairness to provide an at least as favorable standard of living as experienced today - and the contemporary trends in intergenerational responsibility in the private sectors"--

"This book focuses on intergenerational equity - the fairness to provide an at least as favorable standard of living as experienced today - and the contemporary trends in intergenerational responsibility in the private sectors"--

This book explores human decision-making heuristics and studies how nudging and winking can help citizens to make rational choices. By applying the behavioral economics approach to political outcomes, it demonstrates how economics can be employed for the greater societal good. It starts with a...