Research Catalog

Details

Description

1. 214 p. : ill.; 25 cm.

Summary

1. "The book presents an integrative viewpoint of behavioral economics as an approach to analyze the behavior of decision-makers in various economic situations. Special attention is paid to the significance of experimental methods, enabling for example the collection of information for a decision-maker in a dynamic decision situation, to reduce uncertainty. In addition, behavioral economics offers the possibility to study human choices in the context of the economic life of people, also considering their perception of reality in their own cognitive categories"--provided by publisher.

Series statement

1. Schriftenreihe Arbeit und Bildung des Heinrich-Vetter-Forschungsinstituts e.V., 1869-182X ; Bd. 5

Uniform title

1. Schriftenreihe Arbeit und Bildung des Heinrich-Vetter-Forschungsinstituts e.V. ; Bd. 5.

Subject

1. Economics > Psychological aspects
2. Economics > Decision making
3. Decision making

Contents

1. Foreword / by Bernd-Joachim Ertelt and Eduard Gaugler. -- Introduction. -- The decision situation in an economic approach. -- Optimality of the decision to invest in searching for new information. -- Behavioral methods of research into finding new information in a dynamic decision situation. -- Two new variants of the optimal probabilistic model of the sequential search for probabilistic information in a dynamic decision-making situation. -- A proposal to integrate the concepts of information, decision, mass and energy : a behavioral approach. -- Conclusions.

Owning institution

1. Harvard Library

Bibliography (note)

1. Includes bibliographical references (p. 195-208).

Language (note)

1. Summary in German.

Processing action (note)

1. committed to retain