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Microeconomics – Optimization, Experiments, and Behavior | Oxford Scholarship Online
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Microeconomics: Optimization, Experiments, and Behavior

John P. Burkett

Abstract

This book presents microeconomics as an evolving science, interacting with mathematics, psychology, and other disciplines and offering solutions to a growing range of practical problems. It gives extensive and innovative coverage of recent research in cognitive psychology and behavioral economics. This research not only documents behavior inconsistent with some elements of traditional theory, but also advances positive theories with superior predictive power. The research covered includes studies of loss aversion, reference-dependent preferences, the context and framing of choice, hyperbolic d ... More

Keywords: microeconomics, cognitive psychology, behavioral economics, loss aversion, choice, probabilities, prospect theory, experimental economics, linear programming, risk modeling

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780195189629
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780195189629.001.0001

Authors

Affiliations are at time of print publication.

John P. Burkett, author
University of Rhode Island