ENGLISH

Optimally Irrational: The Good Reasons We Behave the Way We Do

By LIONEL PAGE

Book information

Publisher
Cambridge University Press
Year
2022
ISBN
1009209191, 9781009209199, 9781009209175, 9781009209205
Language
english
Format
PDF
Filesize
1 MB (1416146 bytes)
Edition
New
Pages
325\320
Time added
2022-12-06 21:38:01

Description

For a long time, economists have assumed that we were cold, self-centred, rational decision makers – so-called Homo economicus; the last few decades have shattered this view. The world we live in and the situations we face are of course rich and complex, revealing puzzling aspects of our behaviour. Optimally Irrational argues that our improved understanding of human behaviour shows that apparent 'biases' are good solutions to practical problems – that many of the 'flaws' identified by behavioural economics are actually adaptive solutions. Page delivers an ambitious overview of the literature in behavioural economics and, through the exposition of these flaws and their meaning, presents a sort of unified theory of behaviouralism, cognitive psychology and evolutionary biology. He gathers theoretical and empirical evidence about the causes of behavioural 'biases' and proposes a big picture of what the discipline means for economics. 01.0_pp_i_iv_Frontmatter 02.0_pp_v_vi_Contents 03.0_pp_vii_viii_Figures 04.0_pp_ix_x_Tables 05.0_pp_xi_xiv_Preface 06.0_pp_1_2_Setting_the_Scene 06.1_pp_3_11_The_Homo_Economicus_Model 06.2_pp_12_16_The_Psychology_of_Biases_in_Human_Behaviour 06.3_pp_17_23_The_Logic_of_a_Scientific_Revolution_in_Economics 06.4_pp_24_38_Evolution_and_the_Logic_of_Optimisation 07.0_pp_39_40_Individual_Decisions 07.1_pp_41_61_Rules_of_Thumb_and_Gut_Feelings 07.2_pp_62_86_Reference_Points_and_Aversion_to_Losses 07.3_pp_87_100_Sensitivity_to_Probability 07.4_pp_101_113_The_Randomness_of_Choices 07.5_pp_114_126_Impatience 08.0_pp_127_128_Social_Interactions 08.1_pp_129_158_Kindness_and_Reciprocity 08.2_pp_159_173_Emotions_and_Commitment 08.3_pp_174_204_Social_Identity 08.4_pp_205_223_Impression_Management 08.5_pp_224_244_Selection_of_Delusion 09.0_pp_245_246_Epilogue 09.1_pp_247_280_Rationality 10.0_pp_281_306_Bibliography

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