This book provides an overview of the concept of economic psychology from behavioral and mathematical perspectives and related theoretical and empirical findings. Economic psychology is defined briefly as a general term for descriptive theories to explain the psychological processes of...

-Preface -- I. Behavioral Decision Theory and the Idea of It -- Chapter 1. Decision-making Phenomenon and Behavioral Decision Theory -- Chapter 2. Preference and Preference Structure -- II. Preference Reversal Phenomenon and Description of the Phenomenon -- Chapter 3. Ordinal Utility and...

Air-to-water heat pumps using CO2 as a natural refrigerant have been developed and commercialized. They are expected to contribute to energy saving in residential hot water supply. The objective of the research is to analyze the performance of a water heating system composed of a CO2 heat pump...

In residential applications, an air-to-water CO2 heat pump is used in combination with a domestic hot water storage tank, and the performance of this system is affected significantly not only by instantaneous ambient air and city water temperatures but also by hourly changes of domestic hot...

A decision-analytic model for avoiding a risky activity is presented. The model considers the benefit and cost of avoiding the activity, the probability that the activity is unsafe, and scientific tests or studies that could be conducted to revise the probability that the activity is unsafe. For...

Preface -- Chapter 1. What Is Economic Psychology?:The Perspective of Economic Psychology and the Research Framework -- Chapter 2. Rational Choice and Revealed Preference:Theoretical Representation of Preference Relations Leading to the Best Choice -- Chapter 3. Expected Utility Theory and...