This chapter provides an overview of heuristics, shortcuts that reduce the search necessary to find a solution to a problem. It notes that initially, studies of heuristics dealt almost exclusively with cognitive processes, but they have come to incorporate emotional factors as well. Heuristics...

Laboratory experiments provide evidence that the assumptions underlying the economic analysis of human behavior often differ from the mathematical logic of traditional economics and finance. These experiments have established a solid basis for a behavioral approach. Initially, lab experiments...

Urban renewal studies are informative in many respects but most contain surprisingly little economic analysis. Academic works in urban economics, aimed at developing models that explain the urban patterns that have unfolded, do not seem to deal with how to most efficiently achieve the political,...