Advances in Behavioral Economics and Finance Leadership: Strategic Leadership, Wise Followership and Conscientious Usership in the Digital Century

Nudging and winking are used to help citizens make rational choices and governments create choice architectures that stabilize markets and promote societal good. This book explores how economics can be employed for personal benefits and foster societal good, with a review of the literature on human decision-making advantages and failures in Europe and North America. It also proposes concrete leadership and followership directives on nudging in the digital age.

Format: Hardback
Length: 237 pages
Publication date: 23 November 2022
Publisher: Springer International Publishing AG

This comprehensive book delves into the realm of human decision-making, exploring the fascinating world of heuristics. It offers a deep analysis of how nudging and winking can empower citizens to make rational choices, while also providing valuable insights for governments in designing choice architectures that promote stability and societal flourishing. By applying a behavioral economics approach to political outcomes, the author demonstrates how economics can be harnessed for personal gain while fostering the greater good of society.

The book begins with a review of the current literature on decision-making in Europe and North America, highlighting both its strengths and weaknesses. It presents a wide range of nudges and winks designed to mitigate the harmful effects of human decision-making fallibility. Through an understanding of mental heuristics and biases in the finance domain, readers gain valuable insights into how to nudge individuals toward benefiting from economic markets while also assisting governments in stabilizing economies through strategic market communication.

Furthermore, the author proposes concrete leadership and followership directives on nudging in the digital age, recognizing the unique challenges and opportunities presented by the digital landscape. This book appeals to scholars and policy makers alike, who are interested in exploring rational decision-making and the strategic application of nudges and winks.

In the second revised and expanded edition, the book offers even more insightful perspectives on behavioral e-Economics and the impact of the COVID-19 pandemic. It explores topics such as the role of social media in finance and discrimination in search-place competition. Additionally, the book provides fresh insights on strategic leadership and smart followership directives, essential for navigating through complex and rapidly evolving e-architectures.

Overall, this book is a valuable resource for anyone seeking to understand the complexities of human decision-making and the potential of nudging and winking to drive positive change in society. Its comprehensive coverage, coupled with its insightful analysis, makes it an essential read for scholars, policymakers, and individuals alike.

Weight: 547g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031157097
Edition number: 2nd ed. 2022