Over the last decade or so, behavioral economics has fundamentally changed the way economists conceptualize the world. Behavioral economics is an umbrella of approaches that seek to extend the standard economics framework to account for relevant…
This book was conceived several years ago when the editors, along with Drazen Prelec and Dick Thaler, spent a year as a working group at the Center for Advanced Study in Behavioral Sciences (CASES). When we weren’t playing volley ball or hiking, we…
Contemplating a book about contrarian investing is like thinking about climbing Mt. Everest. You're excited by the challenge, but overwhelmed by the difficulty. Fortunately, many great investors and thinkers have climbed that mountain before and in…
Not since the Great Depression have Wall Street and Main Street been so gripped in fear. The lives of those who lived through the Great Depression in the 1930s
were forever changed. Only two generations of almost unbroken prosperity since the 1960s…
In the decades that followed, the economics literature slowly started filling this gap. Evolutionary game theory, preference evolution, learning models, models of bounded rationality with and without optimization, and,
of course, more and more…
lants are essential for human life. They provide the food, shelter, medicines, and biomass necessary for sustainable livelihoods. Virtually all of our food comes
directly or indirectly from plants. More than three-quarters of the world’s people…
Psychology has always been interested in interest. Theories of interest, curiosity, and intrinsic motivation appear in historical classics and in far-flung areas of modern research. The study of interest currently has a home in the psychology of…
There are at least three questions a game theory book might answer: What is game theory about? How do I apply game theory? Why is game theory right?
Playing for Real tries to answer all three questions. I think it is the only book that makes a…
The book seeks new methods to inform debates about the value of neuroeconomic methods. Somewhat as the field of epidemiology has categorized medical experiments, it describes the different methods of study
and the levels of evidence they provide.…
Game theoretic reasoning pervades economic theory and is used widely in other social and behavioral sciences. This book presents the main ideas of game theory and shows how they can be used to understand economic, social, political, and biological…