Behavioural Economics Applied: Suggestions for Policy Making

G. Antonides

Behavioural Economics Applied: Suggestions for Policy Making

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

Original language	English
Title of host publication	Handbook of Applied Psychology
Editors	P. Martin, F.M. Cheung, M.C. Knowles, M. Kyrios, L. Littlefield, J.B. Overmier, J.M. Prieto
Publisher	Wiley
Pages	500-524
Number of pages	832
ISBN (Print)	9781405193313
Publication status	Published - 2011

Keywords

Applying behavioral economics to policy - behavioral economics, instances in which people reach suboptimal solutions, or act against reaching their objectives
Behavioral economics - accepted as a more realistic way of doing economics
Behavioral-economic policy applications
Behavioural Economics Applied: Suggestions for Policy Making - works of Herbert Simon on "satisficing" and "bounded rationality" in decision making, and those of George Katona on role of "consumer expectations"
Bounded rationality, by Kahneman - distinguishing between two types of thinking
Contrast, compromise, and format effects - adding inferior alternatives to a choice set, increasing people's preferences for original choice options
Economics, basic discipline - describing economic behavior in market environments
Motivational effects, impatience - advancement of consumption, followed by immediate regret after purchase
Mullainathan and Thaler, defining behavioral economics - as "the combination of psychology and economics, investigating what happens in markets in which agents display human limitations and complications"
Small probabilities, people tending - to neglect small probabilities, focusing on magnitude of outcome

Cite this

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title = "Behavioural Economics Applied: Suggestions for Policy Making",

keywords = "Applying behavioral economics to policy - behavioral economics, instances in which people reach suboptimal solutions, or act against reaching their objectives, Behavioral economics - accepted as a more realistic way of doing economics, Behavioral-economic policy applications, Behavioural Economics Applied: Suggestions for Policy Making - works of Herbert Simon on {"}satisficing{"} and {"}bounded rationality{"} in decision making, and those of George Katona on role of {"}consumer expectations{"}, Bounded rationality, by Kahneman - distinguishing between two types of thinking, Contrast, compromise, and format effects - adding inferior alternatives to a choice set, increasing people's preferences for original choice options, Economics, basic discipline - describing economic behavior in market environments, Motivational effects, impatience - advancement of consumption, followed by immediate regret after purchase, Mullainathan and Thaler, defining behavioral economics - as {"}the combination of psychology and economics, investigating what happens in markets in which agents display human limitations and complications{"}, Small probabilities, people tending - to neglect small probabilities, focusing on magnitude of outcome",

author = "G. Antonides",

year = "2011",

language = "English",

isbn = "9781405193313",

pages = "500--524",

editor = "P. Martin and F.M. Cheung and M.C. Knowles and M. Kyrios and L. Littlefield and J.B. Overmier and J.M. Prieto",

booktitle = "Handbook of Applied Psychology",

publisher = "Wiley",

address = "United States",

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TY - CHAP

T1 - Behavioural Economics Applied: Suggestions for Policy Making

AU - Antonides, G.

PY - 2011

Y1 - 2011

KW - Applying behavioral economics to policy - behavioral economics, instances in which people reach suboptimal solutions, or act against reaching their objectives

KW - Behavioral economics - accepted as a more realistic way of doing economics

KW - Behavioral-economic policy applications

KW - Behavioural Economics Applied: Suggestions for Policy Making - works of Herbert Simon on "satisficing" and "bounded rationality" in decision making, and those of George Katona on role of "consumer expectations"

KW - Bounded rationality, by Kahneman - distinguishing between two types of thinking

KW - Contrast, compromise, and format effects - adding inferior alternatives to a choice set, increasing people's preferences for original choice options

KW - Economics, basic discipline - describing economic behavior in market environments

KW - Motivational effects, impatience - advancement of consumption, followed by immediate regret after purchase

KW - Mullainathan and Thaler, defining behavioral economics - as "the combination of psychology and economics, investigating what happens in markets in which agents display human limitations and complications"

KW - Small probabilities, people tending - to neglect small probabilities, focusing on magnitude of outcome

M3 - Chapter

SN - 9781405193313

SP - 500

EP - 524

BT - Handbook of Applied Psychology

A2 - Martin, P.

A2 - Cheung, F.M.

A2 - Knowles, M.C.

A2 - Kyrios, M.

A2 - Littlefield, L.

A2 - Overmier, J.B.

A2 - Prieto, J.M.

PB - Wiley

ER -