Social Preferences: An Introduction to Behavioural Economics and Experimental Research

Behavioural economics is a field that studies how people make decisions, and social preferences is a key area of study. This introduction explains how behavioural economists use experiments such as bargaining games, trust games, and public good games to shed light on the processes of economic decision-making. It also demonstrates the significance of determinants such as punishment, sanctioning, emotion, cooperation, reciprocity, leadership, framing, and cross-cultural differences. Students are provided with the understanding and resources needed to replicate the experiments themselves.

Format: Hardback
Length: 210 pages
Publication date: 30 September 2021
Publisher: Agenda Publishing

This comprehensive introduction to a fundamental aspect of behavioral economics delves into the realm of social preferences, elucidating in straightforward and accessible language how behavioral economists have employed a series of experiments to unravel the intricacies of economic decision-making processes. These experiments encompass bargaining games, trust games, and public good games, among others. By highlighting the importance of factors such as punishment, sanctioning, emotion, cooperation, reciprocity, leadership, framing, and cross-cultural differences, this text equips students with the knowledge and tools necessary to replicate these experiments themselves. Through a systematic exploration of these experiments, students gain a deeper understanding of the underlying mechanisms that drive human behavior in economic contexts, fostering a more nuanced and informed perspective on economic decision-making.

Weight: 460g
Dimension: 163 x 241 x 21 (mm)
ISBN-13: 9781788214162