Bounded Rationality and Industrial Organization

Ran Spiegler

11 évaluations par Goodreads

Langue : anglais

Edité par Oxford University Press Inc, US, 2014

0199334269 / 9780199334261

Vendeur : Rarewaves.com USA, London, London, Royaume-UniRarewaves.com USA

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 11 juin 2025

Afficher les articles de ce vendeur
Livre broché

Etat: Neuf

EUR 61,26

 Frais de port gratuits 
Expédition depuis Royaume-Uni vers Etats-Unis

Quantité disponible : Plus de 20 disponibles

Ajouter au panier
Retours gratuits sous 30 jours

Item description from seller

Conventional economic theory assumes that consumers are fully rational, that they have well-defined preferences and easily understand the market environment. Yet, in fact, consumers may have inconsistent, context-dependent preferences or simply not enough brain-power to evaluate and compare complicated products. Thus the standard model of consumer behavior-which depends on an ideal market in which consumers are boundlessly rational-is called into question. While behavioral economists have for some time confirmed and characterized these inconsistencies, the logical next step is to examine the implications they have in markets.Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of "boundedly rational" consumer behavior and embeds them into familiar models of markets. It then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler analyses phenomena such as exploitative price plans in the credit market, complexity of financial products and other obfuscation practices, consumer antagonism to unexpected price increases, and the role of default options in consumer decision making. Spiegler unifies the relevant literature into three main strands: limited ability to anticipate and control future choices, limited ability to understand complex market environments, and sensitivity to reference points. Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years. Thus, Bounded Rationality and Industrial Organization offers a welcome and crucial new understanding of market behavior-it challenges conventional wisdom in ways that are interesting and economically significant, and which in the end effect the well-being of all market participants. …

N° de réf. du vendeur LU-9780199334261

Titre
Bounded Rationality and Industrial Organization
Auteur
Ran Spiegler
Éditeur
Oxford University Press Inc, US
Année de publication
2014
État de l'article
New
Reliure
Paperback
Langue
anglais
ISBN à 10 chiffres
0199334269
ISBN à 13 chiffres
9780199334261
Poids de l'article
340 grammes
Dimensions
23.4 x 15.6 x 1.28 cm

Rarewaves.com USA

London, London, Royaume-Uni

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 11 juin 2025

Frais d'expédition de Royaume-Uni vers Etats-Unis

Article9 à 14 jours ouvrés9 à 14 jours ouvrés
Premier articleEUR 0,00EUR 0,00
Les délais de livraison sont fixés par les vendeurs et varient en fonction du transporteur et du lieu. Les commandes transitant par les douanes peuvent être retardées et les acheteurs sont responsables de tous les droits ou frais associés. Les vendeurs peuvent vous contacter au sujet de frais supplémentaires afin de couvrir toute augmentation des coûts d'expédition de vos articles.

Modes de paiement

  • Visa
  • Mastercard
  • American Express
  • Carte Bleue
  • Apple Pay
  • Google Pay

Profil professionnel du vendeur

RAREWAVES.COM LIMITED

Elsley Court, 20-22 Great Titchfield Street
London, Royaume-Uni W1W 8BE