| A Theory of Adaptive Economic Behavior Contributor(s): Cross, John G. (Author) |
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ISBN: 0521067111 ISBN-13: 9780521067119 Publisher: Cambridge University Press OUR PRICE: $39.89 Product Type: Paperback - Other Formats Published: June 2008 Annotation: This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Microeconomics - Business & Economics | Economic History - Business & Economics | Economics - Theory |
| Dewey: 338.5 |
| Physical Information: 0.48" H x 6" W x 9" (0.69 lbs) 208 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This book develops dynamic economic models using the perspective and analytic framework provided by psychological learning theory. This framework is used to resolve apparent contradictions between optimization theory, which lies at the heart of all modern economic theory, and day-to-day evidence that short-run economic behaviour cannot reasonably be described solely as the outcome of efficiently implemented self-interest. The author applies this viewpoint to a number of problem areas in which literal applications of maximization theory have not usually proved to be satisfactory. These include analyses of decision-making under uncertainty and gambling behaviour, the role of consumer-oriented advertising in influencing behaviour, the persistence of price dispersions in markets, and inflation. |