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Elicitation of Preferences
  • Language: en
  • Pages: 268

Elicitation of Preferences

Economists and psychologists have, on the whole, exhibited sharply different perspectives on the elicitation of preferences. Economists, who have made preference the central primitive in their thinking about human behavior, have for the most part rejected elicitation and have instead sought to infer preferences from observations of choice behavior. Psychologists, who have tended to think of preference as a context-determined subjective construct, have embraced elicitation as their dominant approach to measurement. This volume, based on a symposium organized by Daniel McFadden at the University of California at Berkeley, provides a provocative and constructive engagement between economists and psychologists on the elicitation of preferences.

Behavioral Law and Economics
  • Language: en
  • Pages: 641

Behavioral Law and Economics

  • Categories: Law

In the past few decades, economic analysis of law has been challenged by a growing body of experimental and empirical studies that attest to prevalent and systematic deviations from the assumptions of economic rationality. While the findings on bounded rationality and heuristics and biases were initially perceived as antithetical to standard economic and legal-economic analysis, over time they have been largely integrated into mainstream economic analysis, including economic analysis of law. Moreover, the impact of behavioral insights has long since transcended purely economic analysis of law: in recent years, the behavioral movement has become one of the most influential developments in leg...

Noncognitive Skills and Their Development
  • Language: en
  • Pages: 336

Noncognitive Skills and Their Development

These articles include recent research on ways to incorporate the noncognitive side of ability in economic theory and to empirically assess and explain its role in labor market and behavioral outcomes. Contributions investigate the extent to which assignment of workers is determined by traditional cognitive variables and by personality traits. Also presented in this collection is research on the role of noncognitive skills in explaining the labor market position of underrepresented groups and research that integrates the economic and psychological theory and evidence on noncognitive skills.

Measuring Happiness
  • Language: en
  • Pages: 223

Measuring Happiness

  • Type: Book
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  • Published: 2015-02-06
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  • Publisher: MIT Press

Can money buy happiness? Is income a reliable measure for life satisfaction? In this book, three economists explore the happiness-prosperity connection, investigating how economists measure life satisfaction and well-being. --

How Change Happens
  • Language: en
  • Pages: 342

How Change Happens

  • Type: Book
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  • Published: 2020-04-14
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  • Publisher: MIT Press

An “illuminating” study that reveals the different ways social change occurs—for readers of Freakonomics and Thinking, Fast and Slow (The New York Times) How does social change happen? When do social movements take off? Sexual harassment was once something that women had to endure; now a movement has risen up against it. White nationalist sentiments, on the other hand, were largely kept out of mainstream discourse; now there is no shortage of media outlets for them. In this book, with the help of behavioral economics, psychology, and other fields, Cass Sunstein casts a bright new light on how change happens. Sunstein focuses on the crucial role of social norms—and on their frequent c...

How to Think About Money
  • Language: en
  • Pages: 143

How to Think About Money

NEW INTERNATIONAL EDITION A cult smash in the US, How to Think About Money is the ultimate smart thinking book for those who want a more prosperous and less stressful financial life. There are those who think the goal of investing is to beat the market and amass as much wealth as possible, that street smarts and hard work ensure investment success, and that the road to happiness is paved with more of everything. And then there are those who get it. Want a richer, calmer financial life? Jonathan Clements, longtime personal finance columnist for the Wall Street Journal, is here to help. His goal: to provide readers with a coherent way to think about their finances, so they worry less about mon...

Contingent Valuation
  • Language: en
  • Pages: 516

Contingent Valuation

  • Type: Book
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  • Published: 2012-12-02
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  • Publisher: Elsevier

The papers in this volume present a quite critical assessment of contingent valuation (CV). CV is a survey method that attempts to estimate individual values for economic goods by asking people hypothetical questions about their willingness to pay for such goods. In economics, CV has previously been studied almost solely by economists specializing in environmental economics. This book, however, reports research which is mainly from economists with specialities in economic theory, econometrics, and public finance, rather than from the more narrowly focused research of environmental economists. In addition, the research of specialists in psychology, market research, and litigation is included.

The Soul of Wealth
  • Language: en
  • Pages: 225

The Soul of Wealth

We find ourselves at a crossroads. We all know that true wealth is about far more than money. Wealth is friends, family, health, a vocation, command of your time, leisure, and whatever else is important to you. And yet, we are all guilty of acting as if money alone is wealth and an end in itself. How do we navigate this crossroads to find the right balance between monetary wealth and true, soulful wealth? Our guide is Daniel Crosby—author of the behavioral finance smash hits The Laws of Wealth and The Behavioral Investor. In The Soul of Wealth, Daniel presents 50 short essays which explore what wealth really is and provides practical suggestions for how to change your ...

Too Much Information
  • Language: en
  • Pages: 261

Too Much Information

  • Type: Book
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  • Published: 2022-02-15
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  • Publisher: MIT Press

The New York Times–bestselling co-author of Nudge explores how more information can make us happy or miserable—and why we sometimes avoid it but sometimes seek it out. How much information is too much? Do we need to know how many calories are in the giant vat of popcorn that we bought on our way into the movie theater? Do we want to know if we are genetically predisposed to a certain disease? Can we do anything useful with next week's weather forecast for Paris if we are not in Paris? In Too Much Information, Cass Sunstein examines the effects of information on our lives. Policymakers emphasize “the right to know,” but Sunstein takes a different perspective, arguing that the focus sh...

A Mindful Year
  • Language: en
  • Pages: 762

A Mindful Year

Written by two experts in the field of cognitive behavioral therapy—the best tested set of practices for alleviating stress and anxiety—these daily meditations invite you to find contentment, peace, and happiness in place of worry and fear. Each day’s reading reveals how the powerful tool of mindfulness can help you to become more grounded, energized, motivated, and satisfied with your life. You’ll discover in these pages how to be attentive and open to the present while calmly acknowledging and accepting your thoughts, feelings, and sensations. The authors’ deep expertise and clinical experience in the field of psychology lends scientific weight to the mindfulness practices found ...