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Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.
Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particul
Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particul
George Loewenstein is one of the pioneers of the rapidly growing field of behavioral economics. For over twenty years he has been working at the intersection of
The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placin
"In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which we
