The psychology of economic decisions / edited by Isabelle Brocas and Juan D. Carrillo.

"The papers in this volume were presented at a CEPR/ECARES conference on psychology and economics, held in Brussels on June 8th-10th 2001"--P. vi.

Includes bibliographical references and index.

Introduction / Isabelle Brocas and Juan D. Carrillo -- 1. The Psychology of Irrationality: Why People Make Foolish, Self-Defeating Choices / Roy F. Baumeister -- 2. Irrational Pursuits: Hyper-Incentives From a Visceral Brain / Kent C. Berridge -- 3. The Pursuit and Assessment of Happiness can be Self-Defeating / Jonathan W. Schooler, Dan Ariely and George Loewenstein -- 4. Behavioral Policy / Andrew Caplin and John Leahy -- 5. Information and Self-Control / Isabelle Brocas and Juan D. Carrillo -- 6. Self-Signaling and Diagnostic Utility in Everyday Decision Making / Ronit Bodner and Drazen Prelec -- 7. Mental Accounting and the Absent-minded Driver / Itzhak Gilboa and Eva Gilboa-Schechtman -- 8. Self-Knowledge and Self-Regulation: An Economic Approach / Roland Benabou and Jean Tirole -- 9. A New Challenge for Economics: 'The Frame Problem' / Xavier Gabaix and David Laibson -- 10. Experienced Utility and Objective Happiness: A Moment-Based Approach / Daniel Kahneman -- 11. Making Sense: The Causes of Emotional Evanescence / Timothy D. Wilson, Daniel T. Gilbert and David B. Centerbar -- 12. Temporal Construal Theory of Time-Dependent Preferences / Yaacov Trope and Nira Liberman -- 13. Economists' and Psychologists' Experimental Practices: How They Differ, Why They Differ, and How They Could Converge / Ralph Hertwig and Andreas Ortmann -- 14. Psychology and the Financial Markets: Applications to Understanding and Remedying Irrational Decision-Making / Denis J. Hilton -- 15. What Causes Nominal Inertia? Insights From Experimental Economics / Ernst Fehr and Jean-Robert Tyran.

"Psychologists and economists often ask similar questions about human behaviour. This volume brings together contributions from leaders in both disciplines." "The editorial introduction discusses methodological differences between the two which have until now limited the development of mutually beneficial lines of research. Psychologists have objected to what they see as an excessive formalism in economic modelling, while economists criticize the absence of a general psychological framework into which most results can be fitted. The disciplines also lack a unified vocabulary. The editors encourage scholars to exploit the strengths of each discipline - the experimental skills of psychologists and their ability to understand the feelings and motivation of individuals; and economists' experience of developing normative frameworks." "The editors then highlight the links between the contributions by grouping them according to central themes in the study of behaviour." "This volume provides a point of entry for anyone interested in the interface between economics and psychology."--BOOK JACKET.

Machine converted from AACR2 source record.