A Course in Behavioral Economics

This is an exceptionally clear guide to the alternative ways economists can approach decision-making and choice. It presents a thorough introduction to both standard and behavioural theories of decision-making, equipping readers to understand the issues raised by nudge' policies as opposed to their more conventional alternatives. * Diane Coyle, University of Cambridge, UK * Erik Angner has written a wonderful introductory overview of behavioral economics. This book has a unique balance between accessibility and precision, which enhances a good understanding of the key concepts in behavioral economics. It has a concise style with many examples and exercises, and thereby is a great book for teachers and students. * Kirsten Rohde, Erasmus University Rotterdam, The Netherlands * This text combines a succinct yet rigorous outline of standard choice theory with a lively and engaging discussion of many key findings and concepts of behavioral economics. I especially welcome its discussion of how these insights may be used (and abused) in government and business alike. * Stephen L. Cheung, University of Sydney, Australia *

Erik Angner is Professor of Practical Philosophy at Stockholm University, where he directs the Philosophy, Politics, and Economics (PPE) Program. As a result of serious mission creep, he holds two PhDs one in Economics and one in History and Philosophy of Science both from the University of Pittsburgh. He is the author of one monograph and multiple journal articles and book chapters on behavioral and experimental economics, the economics of happiness, and the history, philosophy, and methodology of contemporary economics. He lives in Stockholm with his wife and their three children.

1 Introduction PART I CHOICE UNDER CERTAINTY 2 Rational Choice Under Certainty 3 Decision-making Under Certainty PART II JUDGMENT UNDER RISK AND UNCERTAINTY 4 Probability Judgment 5 Judgment Under Risk and Uncertainty PART III CHOICE UNDER RISK AND UNCERTAINTY 6 Rational Choice Under Risk and Uncertainty 7 Decision-Making under Risk and Uncertainty PART IV INTERTEMPORAL CHOICE 8 The Discounted Utility Model 9 Intertemporal Choice PART V STRATEGIC INTERACTION 10 Analytical Game Theory 11 Behavioral Game Theory PART VI CONCLUDING REMARKS 12 Behavioral Policy 13 General Discussion.