Information and Decision in Behavioral Economics

The book presents an integrative viewpoint of behavioral economics as an approach to analyze the behavior of decision-makers in economic situations. Special attention is paid to the significance of experimental methods, enabling for example the collection of information for a decision-maker in a dynamic decision situation, to reduce uncertainty.

Inhalt
Contents: Information and decision Decision situation Behavioral economics as a theoretical approach Decision as human behavior Searching for new information Informational process in a decision-making situation Cognitive fallacies (biases) Sequential search for probabilistic information Experimental decision-making game as an empirical model.