Behavioural economics Books

Book SynopsisA comparative examination of the ambivalence provoked, especially in East and Southeast Asia, by the global spread of "American" consumer culture.Trade ReviewThis book is a valuable contribution to the literature on consumption in Japan and elsewhere in East Asia. It is especially useful because it contrasts Asian patterns of consumption with at least a selection of those found in the West—in this case in the United States, Sweden, and the United Kingdom.... The essays in this volume (and the introduction by the editors) are of a uniformly high quality and represent an attractive mix of Japanese and Western scholarship on historical and contemporary consumption behavior primarily in Japan.... As the editors explain in their introduction, the title refers to the substantial ambivalence they see about the globalized reach of American-style or American-inspired consumption. Ambivalence is found not only among critics of globalization, but equally among Asian consumers who fear, perhaps rightly, the erosion of their local economies; the destruction of cultural forms and practices including fashions, cuisines, popular culture, and patterns and content of entertainment and vernacular architecture; and, when excessive consumption displaces the culture of thrift that preceded it, the collapse of sociological patterns such as the many small family businesses that abound in Japan and the morality that underpinned those patterns.... The book is essentially an exploration of this dialectic between the globalization of consumption along largely American-led lines and the local debates and practices that have questioned, resisted, modified, rejected, and assimilated those patterns. It raises important theoretical questions, including, as the editors point out, whether all 'consumer revolutions' are necessarily alike. * Journal of Japanese Studies *

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Book SynopsisA comparative examination of the ambivalence provoked, especially in East and Southeast Asia, by the global spread of "American" consumer culture.Trade ReviewThis book is a valuable contribution to the literature on consumption in Japan and elsewhere in East Asia. It is especially useful because it contrasts Asian patterns of consumption with at least a selection of those found in the West—in this case in the United States, Sweden, and the United Kingdom.... The essays in this volume (and the introduction by the editors) are of a uniformly high quality and represent an attractive mix of Japanese and Western scholarship on historical and contemporary consumption behavior primarily in Japan.... As the editors explain in their introduction, the title refers to the substantial ambivalence they see about the globalized reach of American-style or American-inspired consumption. Ambivalence is found not only among critics of globalization, but equally among Asian consumers who fear, perhaps rightly, the erosion of their local economies; the destruction of cultural forms and practices including fashions, cuisines, popular culture, and patterns and content of entertainment and vernacular architecture; and, when excessive consumption displaces the culture of thrift that preceded it, the collapse of sociological patterns such as the many small family businesses that abound in Japan and the morality that underpinned those patterns.... The book is essentially an exploration of this dialectic between the globalization of consumption along largely American-led lines and the local debates and practices that have questioned, resisted, modified, rejected, and assimilated those patterns. It raises important theoretical questions, including, as the editors point out, whether all 'consumer revolutions' are necessarily alike. * Journal of Japanese Studies *

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Book SynopsisIn order to understand today's Russia and former Soviet republics, it is vital to consider their socialist past. Caroline Humphrey, one of anthropology's most highly regarded thinkers on a number of topics including consumption, identity, and ritual...Trade ReviewIn her stimulating book The Unmaking of Soviet Life, Caroline Humphrey—one of the few anthropologists with substantial field experience in the old Soviet Union—explores changing attitudes to consumption. Consumer desire, she argues, was both aroused and frustrated in Soviet-type societies and 'acquiring consumption goods and objects became a way of constituting... selfhood.'... One of the virtues of Humphrey's book is that the words 'democracy' and 'capitalism'—so enthusiastically invoked by Western commentators in the early years of Russia's 'transition'—are used sparingly. * London Review of Books *This collection of essays attempts to capture the lived experience of change in the history of post-Soviet peoples, who invested radical, western-style reforms from above with meanings that were rooted in the values and practices of the Soviet era. Their confrontations with harsh contemporary practices of privilege and power reveal a process of transformation manifest not through uncompromising and dramatic breaks with the past, but in unexpected combinations and recombinations of the old and the new. -- Esther Kingston-Mann * Focaal: European Journal of Anthropology *Having long studied the people of Mongolia and Russia, Humphrey knows well how to tell the new from subtle variations on the Soviet past. * Foreign Affairs *Humphrey provides fascinating insights into the dynamics of the social and economic transition in Russia since the collapse of communism.... This important collection should be in all research libraries and will interest political scientists, economists, and sociologists, as well as anthropologists. Lower-division undergraduates and above. * Choice *Particularly valuable is her dissection of 'corruption.' She argues that people make clear distinctions between the bribe direct, 'generally understood to be reprehensible' because it takes advantage of weakness; other equally 'extralegal' acts, such as the use of personal connections to bypass regulations, which are seen as morally legitimate forms of reciprocal support even when 'favours' are exchanged; and pilfering from the workplace, which decades of 'predatory socialism' made people look on almost as a personal 'right.'. -- Rosemary Righter * Times Literary Supplement *These essays have a lot to offer scholars in other disciplines, since they show how anthropological work, even when focused on apparently unrepresentative phenomena at the micro level, can illuminate general processes of social change.... Humphrey is concerned to understand how people construct meaning in their lives, and she demonstrates repeatedly that the legacy of the socialist world remains extremely strong, for example, in the value system that leads to strong prejudices against 'traders' of all types, those who do not 'produce' goods useful to society. -- Chris Hann * Slavic Review *

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Book SynopsisDeftly combining intellectual, cultural, and political history, Freedom from Want sheds new light on the ways in which Americans reconceptualized the place of the consumer in society and the implications of these shifting attitudes for the philosophy ofliberalism and the role of government in safeguarding the material welfare of the people.Trade ReviewAt the core of this volume 'is the story of how freedom from want, an economic freedom defined by classical liberalism, became one of the essential human freedoms of modern American liberalism'... Edward Bellamy, Thorstein Veblen, and Adam Smith are a few of the many thinkers whose work Donohue reviews... This scholarly volume deserves a wide audience. Choice 2004 A well-crafted example of traditional intellectual history. Donohue's close reading of the works of a variety of economic and political theorists not only provides interesting new insights into the thought of the individuals she examines, but also allows her to construct a compelling narrative of the dramatic change that occurred over a span of half a century in liberal thinking about the role of consumption and consumers in the political economy. -- Larry G. Gerber EH.Net 2004 This is an intelligent, well-researched, carefully nuanced book about the gradual displacement in U.S. liberalism of a producerist outlook by a consumerist perspective... Donohue gives us a rich intellectual history of the bases for the government-managed, full-growth, high-employment, demand-driven economy that flourished as an ideal, and to a considerable extent in practice, between the 1940s and the 1970s. -- Mary O. Furner Business History Review 2004 Donohue offers a powerful case intertwining economic, intellectual, and political history... A most valuable contribution to the history of American economic thought. -- Amy S. Bix Enterprise and Society 2005 A provocative update on the effort that has gone on at least since Alexis de Tocqueville's time to sort out the relationship between material desires and democracy. -- Alan Lawson Journal of American History 2005 An authoritative and well-researched account of the emergence of consumption and the consumer within American political economic thought. -- Matthew Hilton Business History 2005 Furthers understanding of the political history of mass consumption in the United States. -- Steven T. Sheehan Register of the Kentucky Historical Society 2005 The book offers a well-researched and thoughtful history of ideas, and it should be of interest to economists as well as intellectual and economic historians. -- Susan J. Matt American Historical Review 2007Table of ContentsAcknowledgmentsIntroduction1. The Producerist Worldview, 1870–19002. Legitimizing the Consumer, 1880–19003. At the Crossroads, 1899–19124. Politicizing the Consumer, 1909–19235. "What's an Economic System For?" 1917–19336. The Demise of Economic Planning, 1933–19407. The Common Ground of Abundance, 1933–1940ConclusionNotesEssay on SourcesIndex

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Book SynopsisTrade Review"Beggar Thy Neighbor starts with Marcus Junius Brutus, a predatory lender infamous for his role in the assassination of Julius Caesar, ends with the aftermath of the 2008 financial crisis, and provides a lively social-cum-cultural history of debt for the intervening two millennia." * Journal of Economic History *"Geisst tackles this double-edged, troublesome topic not from a personal level-you won't find 10 tips to reduce personal debt here-but from a historical and practical level. He starts from before banks even existed, with a debate that continues today over interest rate ceilings, and it's evident that we are indebted to religious institutions, both Catholic and Jewish, for the foundational practices of money handling, borrowing, loaning, and repaying." * Publishers Weekly *"A useful introduction to the Christian and Muslim disdain for usury and raises important questions about the prevalence of debt in our economy. Geisst proves that legal, moral, and economic debates over usury and debt are here to stay." * The Historian *"Fascinating and comprehensive. . . . The broad historic sweep that [Geisst] brings to this study impresses." * EH.Net *"A compelling book not only for history buffs but also for financial market participants who will find that events today have a long history leading up to our current travails." * Henry Kaufman, author of On Money and Markets: A Wall Street Memoir *"Charles R. Geisst takes us on a splendid tour of the law of usury from ancient times to the present. Along the way one encounters Cicero, Charlemagne, Shakespeare, Adam Smith, Karl Marx, Michael Milken and many others in this engaging yet critical account of what may well be the oldest and most ubiquitous form of economic regulation. Highly recommended both for the lay reader interested in economic affairs and the academic specialist in money and banking." * Hugh Rockoff, Rutgers University *"An engaging, comprehensive history of the concept of interest and usury." * Robert Wright, Augustana College, South Dakota *Table of ContentsIntroduction Chapter 1. Saints and Sinners Chapter 2. Embracing Shylock Chapter 3. Protestants, War, and Capitalism Chapter 4. The Great Experiment Chapter 5. The New Debt Revolution Chapter 6. Something Old, Something New Chapter 7. Islam, Interest, and Microlending Chapter 8. The Consumer Debt Revolution Appendix. Early Interest Rate Tables and Calculations Notes Bibliography Index

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Book SynopsisA critical account of the rise of celebrity-driven “compassionate consumption.”Trade Review"There is a desperate need for critical intervention in debates about Product RED and other manifestations of development capitalism. Brand Aid, a smart and edgy book, deftly meets that need. It asks big, penetrating questions about production, consumption, and global inequality and it answers them in rich and provocative ways." —Samantha King, Queens University"Brand Aid is an original and important contribution to the critique of international development. Lisa Ann Richey and Stefano Ponte argue that the celebritization of aid marks an important shift that in effect divests the wealthy of any responsibility for global poverty. Brand Aid is a great book." —Vinh Kim Nguyen, University of Montreal"Readers and academics interested in the ways corporate philanthropy is evolving will find this useful, as will armchair sociologists." —Publishers Weekly"This is a thoroughly researched and well-written book and one that pulls no punches; you know from the very first pages how the (RED) initiative will be dissected and found wanting. Thoughtful and highly critical." —Times Higher EducationTable of ContentsPreface Introduction: Product (RED) and the Reinvention of International Aid 1. Band Aid to Brand Aid: Celebrity Experts and Expert Celebrities 2. The Rock Man’s Burden: Vanity, Value, and Virtual Salvation 3. Saving Africa: AIDS and the Rebranding of Aid 4. Hard Commerce: Corporate Social Responsibility for Distant Others 5. Doing Good by Shopping Well: The Rise of “Causumer” Culture Conclusion: Celebrities, Consumers, and Everyone Else Notes Works Cited Index

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Book SynopsisTrade Review"A thought-provoking volume that offers key insights into the interconnections among culture, literature, and fashion."—CHOICE"Fashioning the Nineteenth Century proves to be a remarkable instrument to refine our knowledge of narrative worlds whose territories are inhabited also by fashion as part of the common humanistic heritage."—Fashion TheoryTable of ContentsContentsPreface and AcknowledgmentsClothing, Dress, Fashion: An ArcadeIntroduction: Fashioning a CenturyCristina Giorcelli1. Psychoanalytic Views of Cross-Dressing and TransvestismBianca Iaccarino Idelson2. Our Job Is to Create Beauty: A Personal Memoir of La PerlaAnna Masotti3. Modernity Clothing: Birthing the Modern Atlantic/Birthing the Modern RepublicCarroll Smith-Rosenberg4. Garment of the Unseen: The Philosophy of Clothes in Carlyle and EmersonGiuseppe Nori5. An Emblem of All the Rest: Wearing the Widow’s Cap in Victorian LiteratureDagni Bredesen6. Clothing the Marmorean Flock: Sartorial Historicism and The Marble FaunBruno Monfort7. FlorenceBeryl Korot8. Accessories to the Crime in What Maisie KnewClair Hughes9. Costume and Form: D’Annunzio and Mutable AppearancesMarta Savini10. Shawls Redefine Womanhood in American Literature, 1850s-1920sAnna Scacchi11. A Lovely Little Coffee-Colored Dress: Education, Female Identity, and Dress at the End of the Nineteenth CenturyCarmela Covato12. Gender and Power: Dressing “Charlie”Cristina Giorcelli13. Imaginative Habits: Fantasies of Undressing in The AmbassadorsAgnès Derail-ImbertCoda: Seen and ObscenePaula RabinowitzContributors

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Book SynopsisThrough a study of industry publications over much of the century, shows how the U.S. children's clothing industry produced increasingly refined categories of childhoodTrade Review“Blending the sociologist’s theoretical rigor with the historian’s attention to detail and change, Daniel Thomas Cook offers us a striking and original explanation of how twentieth-century notions of childhood together with new marketing practices led to the modern autonomous child.”—Gary Cross, author of The Cute and the Cool: Wondrous Innocence and Modern American Children’s Culture“Daniel Thomas Cook’s The Commodification of Childhood is a pioneering and major contribution to our understanding of consumer culture. On the basis of his detailed and fascinating examination of children’s clothing marketing through the twentieth century, Cook constructs a larger template for understanding the complex and evolving relations between consumers and marketers. The theoretical discussions are a tour de force. A must-read for all scholars of consumer society.”—Juliet B. Schor, author of The Overspent American: Why We Want What We Don’t NeedTable of ContentsAcknowledgments ix 1 Introduction 1 2 A Brief History of Childhood and Motherhood into the Twentieth Century 22 3 Merchandising, Motherhood, and Morality: Industry Origins and Child Welfare, 1917-1929 41 4 Pediocularity: From the Child’s Point of View 66 5 Reconfiguring Girlhood: Age Grading, Size Ranges, and Aspirational Merchandising in the 1930s 96 6 Baby Booms and Market Booms: Teen and Subteen Girls in the Postwar Marketplace 122 7 Concluding Remarks 144 Appendix: Figures and Tables 153 Notes 157 Bibliography 181 Index 201

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Book SynopsisEmotional behavior and biases run throughout financial markets. This is the diagnosis of behavioral finance.But it is not enough to know that investors make biased decisions. What do we do about it? How do we move beyond diagnosis, to prescription?In this groundbreaking new book, investing and behavioural finance experts Thomas Howard and Jason A. Voss plug this void and show the new way ahead for investment managers and advisors. Return of the Active Manager provides a set of tools for investment professionals to overcome and take advantage of behavioral biases.Across seven compelling chapters, Return of the Active Manager details actionable advice on topics such as behaviourally-enhanced fundamental analysis, active equity fund evaluation and selection, harnessing big data, and investment firm structure. You learn how to exploit behavioural price distortions, how to recognise and avoid behavioural biases (in both yourself and clients), how to extract behavioral insights from the executives of prospective investments, and how manager behaviour can be used to predict future fund performance.An indispensable tool, Return of the Active Manager rationalises the financial markets and prescribes actionable strategies that build on the lessons of behavioural finance.

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Book SynopsisThrough original and incisive contributions from leading scholars, this book applies economics and other rational choice methods to an understanding of public international law, providing a bird’s eye view of some of its most fundamental elements from the perspective of economics.Trade ReviewInternational law grows more and more important as a way for countries to cooperate to solve pressing global problems. The innovative essays in this volume, by some of the leading experts in the field, illuminate the dynamics and uses of international law, showing the way forward for government officials, scholars, and students.' --Joel P. Trachtman, The Fletcher School of Law and Diplomacy, Tufts University'International law is a latecomer to law and economics, but if this volume is any indication, it has quickly caught up with the competition. The authors provide state-of-the-art overviews of numerous aspects of international law. Their insights will help lay the foundations for work in years to come.' --Eric Posner, University of Chicago Law SchoolTable of ContentsContents: PART I THE BUILDING BLOCKS OF INTERNATIONAL ORDER The Economics of International Law: An Introduction Eugene Kontorovich and Francesco Parisi 1. The Economics of Political Borders Enrico Spolaore 2. The Economics of State Emergence and Collapse Bridget L. Coggins with Ishita Kala 3. Economic Analysis of Territorial Sovereignty Abraham Bell PART II SOURCES OF LAW 4. The Economic Analysis of International Treaty Law Francesco Parisi and Daniel Pi 5. Soft Law Andrew T. Guzman and Timothy Meyer 6. The Emergence and Evolution of Customary International Law Francesco Parisi and Daniel Pi PART III ENFORCEMENT 7. Treaty Enforcement Paul B. Stephan 8. The Interaction Between Domestic and International Law Tom Ginsburg PART IV APPLICATIONS AND EXTENSIONS 9. Atrocity, Policy, and the Laws of War: What does Political Science have to say to Law? James D. Morrow 10. Behavioral Economic Analysis of International Law Anne van Aaken and Tomer Broude Index

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Book SynopsisThe Handbook of Behavioral Finance is a comprehensive, topical and concise source of cutting-edge research on recent developments in behavioral finance.Trade Review‘The Handbook of Behavioral Finance is a comprehensive source of cutting-edge research on recent developments in behavioral finance.’ -- Long Range Planning‘As suits the jointly academic and practitioner audience, the technical level is low without being facile. (The Handbook would be a suitable reference for a senior undergraduate or master’s level class in behavioral finance). Most chapters present simple econometric modelling of experimental, survey or revealed preference data. . . chapters are concise, coherent and clearly written.’ -- Susan Thorp, Journal of Pension Economics and Finance‘This book does an excellent job of presenting empirical evidence as to the role of selected psychological attributes on key investment behaviors and it should be valuable to investment professionals as a handbook. Professor Bruce has selected readings that clearly show that investors are more than logic machines. They have evolved brains which makes them susceptible to context and culture. The book wisely avoids making generalizations about a new behavioral financial paradigm which at this time is only in the early stages of development.’ - Robert A. Olsen, California State University, Chico, US‘The breadth and depth of Professor Bruce’s knowledge of behavioral finance and its implications for, and applicability to, all facets of investment decisions makes him as qualified as anyone I know to produce this Handbook. Those who absorb the insights and knowledge that this Handbook offers will prosper. But without it, they will dull their competitive edge both as investors and as educators. I am actually jealous I did not produce this Handbook myself!’ -- Arnold S. Wood, Martingale Asset Management, USTable of ContentsContents: Preface Introduction Brian Bruce PART I: BEHAVIORAL BIASES 1. Framing Effects, Selective Information and Market Behavior: An Experimental Analysis Erich Kirchler, Boris Maciejovsky and Martin Weber 2. Information Overload and Information Presentation in Financial Decision Making Julie Agnew and Lisa Szykman 3. Revealing the Information Content of Investment Decisions Noriyuki Okuyama and Gavin Francis 4. The Disposition Effect and Individual Investor Decisions: The Roles of Regret and Counterfactual Alternatives Suzanne O’Curry Fogel and Thomas Berry 5. Overreaction of Exchange-Traded Funds During the Bubble of 1998–2002 Jeff Madura and Nivine Richie 6. Intentional Herding in Stock Markets: An Alternate Approach in an International Context Natividad Blasco, Pilar Corredor and Sandra Ferreruela 7. Psychic Distance in the Eight-year Crisis: An Empirical Study Lili Zhu and Jiawen Yang PART II: BEHAVIOR IN THE INVESTMENT PROCESS 8. The Effects of Higher Transaction Costs on Trader Behavior Ryan Garvey and Anthony Murphy 9. Homo Communitatis: A Rigorous Foundation for Behavioral Finance H. Joel Jeffrey 10. Does Mutual Fund Flow Reflect Investor Sentiment? Daniel C. Indro 11. The Impact of Motivational and Cognitive Factors on Optimistic Earnings Forecasts Anna M. Cianci and Satoris S. Culbertson 12. Overconfidence and Active Management Christoph Gort and Mei Wang 13. Availability Heuristic and Observed Bias in Growth Forecasts: Evidence from an Analysis of Multiple Business Cycles Byunghwan Lee, John O’Brien and K. Sivaramakrishnan 14. Weak and Strong Individual Forecasts: Additional Experimental Evidence Lucy F. Ackert, Bryan K. Church and Kirsten Ely 15. Behavioral Finance and Investment Advice Kremena Bachmann and Thorsten Hens PART III: GLOBAL BEHAVIOR 16. Measuring the Impact of Behavioral Traders in the Market for Closed-end Country Funds from 2002 to 2009 Hugh Kelley and Tom Evans 17. Holding on to the Losers: Finnish Evidence Mirjam Lehenkari and Jukka Perttunen 18. The Impact of Business and Consumer Sentiment on Stock Market Returns: Evidence from Brazil Pablo Calafiore, Gökçe Soydemir and Rahul Verma 19. The Information-Adjusted Noise Model: Theory and Evidence from the Australian Stock Market Sinclair Davidson and Vikash Ramiah 20. Ambiguity Aversion and Illusion of Control in an Emerging Market: Are Individuals Subject to Behavioral Biases? Benjamin Miranda Tabak and Dimas Mateus Fazio 21. Behavioral Finance in Malaysia Ming-Ming Lai, Lee-Lee Chong and Siow-Hooi Tan Index

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Book SynopsisChanging Behaviours charts the emergence of the behaviour change agenda in UK based public policy making since the late 1990s.Trade Review'This volume is well-written and engaging from the start and is based on a detailed analysis of policy making (although international examples are drawn upon). . . I highly recommend this readable and well-informed book to all those interested in policy making and the influence of psychology.' --Alan Lewis, Journal of Economic Psychology'This groundbreaking book provides a meticulously-researched history of the rise of a new state that aims to govern people by changing their behaviour through influencing (or at least claiming to influence) their psyche. With examples from finance, transport, health and environment, it also illustrates the struggles of citizens who fight against this new agenda of government. The book shows how deeply the psyche has become a different site of power and hence a different object of knowledge over the last two or three decades.' --Engin Isin, the Open University, UK'A really interesting and engaging account of the ways that diverse and contradictory ideas from psychology, neuroscience and economics have influenced successive behaviour-change projects across UK public policy since the early 2000s. Apparently we lead the world in all this, and 51 other countries are now following in Britain's wake.' --Professer Kathryn Ecclestone, Times Higher EducationTable of ContentsContents: Preface 1. Changing Behaviours and ‘New Models of Man’ 2. The Rise of the Psychological State in the UK 3. In the Heat of the Moment: Gambling and Saving Behaviours 4. Replanning the Street: Changing Behaviours by Spatial Design 5. Governing the Body: Addressing the Temptations of Food and Alcohol 6. Greening the Brain: The Pro-Environmental Behaviour Change Agenda Conclusion: Nudge, Think, Steer, Punch! Searching for the Real Third Way References Index

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Book SynopsisTypical home buyers often don't understand the language building professionals use to market green homes. We can meet this challenge by rethinking how we talk to our customers. This book discusses the latest data on the green and performance-related messages consumers respond to and what they are willing to pay for.

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Book SynopsisThis book is unique among modern contributions to behavioral economics in presenting a grand synthesis between the kind of behavioral economics popularized by Richard Thaler, earlier approaches such as those of the 1978 Nobel Laureate Herbert Simon, evolutionary psychology, and evolutionary economics from Veblen and Marshall through to neo-Schumpeterian thinking. The synthesis employs a complex adaptive systems approach to how people think, the lifestyles they build, and how new production technologies and products are gradually adopted and produce changes. Using a huge range of examples, it takes behavioral economics from its recent focus on ''nudging'' consumers, to the behavior of firms and other organizations, the challenges of achieving structural change and transitioning to environmentally sustainable lifestyles, and instability of the financial system. This book will be of great interest to academics and graduate students who seek a broader view of what behavioral economics is and what it might become.Trade Review'Peter Earl has produced a magnificent volume. In it he overcomes a number of challenges. He offers a new visionary overview of the field of behavioural economics. He carefully and lucidly negotiates the different approaches in this area, offering some important and original critical insights. The readable and fluid style extends its appeal to a wider audience, including to scholars, young and old, in economics, business and management. This is a landmark contribution to behavioural economics and related fields.' Geoff Hodgson, Loughborough University'Behavioral economics has a rich history and thanks to the book by Peter Earl it has the potential for an even richer future. Whereas Old Behavioral Economics (OBE) shared a dissatisfaction with mainstream economics, New Behavioral Economics (NBE) sought to position itself squarely within the mainstream. This book creatively blends these approaches with a strong evolutionary emphasis. As a result, it lays the foundation for a broad range of research opportunities. Earl deserves great appreciation for this.' Esther-Mirjam Sent, Radboud UniversityTable of Contents1. What is behavioral economics?; 2. What motivates us?; 3. Why is life so full of problems for us to try to solve?; 4. How do we acknowledge problems and assess our options?; 5. How do we deal with uncertainty and ambiguity?; 6. How do we search for solutions to problems?; 7. Why do some things matter more than others?; 8. How do we choose?; 9. How can firms and governments influence our choices?; 10. What determines the productivity of an organization?; 11. How does the competitive process work?; 12. Are there any behavioral insights for macroeconomists?; 13. Can we be happy without destroying the environment?

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Book SynopsisThis compendium curates and amplifies the voices of the leading scholars in consumer psychology across a wide range of topics. An indispensable resource for scholars and non-specialists, it also offers foundational and novel knowledge for adjacent fields such as marketing, economics, data science, management, and sociology.Trade Review'Lamberton, Rucker and Spiller have assembled a masterwork on consumer psychology. This book brings together some of the most highly regarded thought leaders across a variety of interesting research areas to provide a comprehensive overview that is both topical and timeless. It challenges the reader with intriguing research possibilities likely to inspire decades of research to come.' Kelly Goldsmith, Vanderbilt University, USA'An impressive collection of insights from leading experts on consumer psychology. This is the state of the science – a comprehensive guide to the fundamentals of decision-making, motivation, and persuasion, the roles of religion, politics, and status, and the impact of new methods and technologies.' Adam Grant, Wharton psychologist and no.1 New York Times bestselling author of Think Again'A best-in-class handbook should capture the most incisive insights and forward-looking ideas of the leading thinkers in the field, and the Cambridge Handbook of Consumer Psychology does exactly this. With scholars expert in the most central issues to marketing today – from artificial intelligence to the broader role of marketing in society – this volume offers a comprehensive view of the field as it stands today, and how it is likely to change in the years to come.' Michael I. Norton, Harvard Business School, USATable of ContentsIntroduction; 1. Attitudinal advocacy: contemporary insights and new questions Mohamed A. Hussein and Zakary L. Tormala; 2. Storytelling and narrative persuasion Rebecca Krause-Galoni and Philip Mazzaocco; 3. Consumer goals and motivation Jessica Gamlin and Maferima Touré-Tillery; 4. Consumer financial decision making Abigail B. Sussman, Yusu Wang and Anastasiya Apalkova; 5. Marketplace morality Saerom Lee and Karen Page Winterich; 6. A triadic framework of luxury consumption David Dubois and SungJin Jang; 7. Consumer identity: a comprehensive review and integration of contemporary research Julian K. Saint Clair; 8. Compensatory consumption Naomi Mandel, Monika Lisjack and Qin Wang; 9. Artificial intelligence and consumer psychology TaeWoo Kim and Adam Duhachek; 10. Interpersonal influences in consumer psychology Rosellina Ferraro and Brent McFerran; 11. The psychology of consumer social hierarchy and rank signaling Derek D. Rucker and Adam D. Galinsky; 12. Political ideology and consumer psychology Nailya Ordabayeva, Aylin Cakalar and Daniel Fernandes; 13. Religion and consumer psychology Eugenia Wu and Keisha Cutright; 14. The psychology of consumer dignity Tom Wein, Sakshi Ghai, Cait Lamberton, and Neela A. Saldanha; 15. The psychology of shared consumption Peggy J. Liu and Theresa A. Kwon; 16. The psychology of access-based consumption Varala Maraj and Fleura Bardhi; 17. Word-of-mouth and consumer psychology Sarah Moore and Katie Lafreniere; 18. Consumer culture Ela Veresiu; 19. Field studies in consumer psychology Minah Jung; 20. MTurk and online panel research Joseph K. Goodman and Scott A. Wright; 21. Meta-analysis: assessing heterogeneity using traditional and contemporary approaches Blakeley B. McShane and Ulf Böckenholt; 22. Netnography for consumer psychologists Robert V. Kozinets; 23. A recipe for honest consumer research Stijn M. J. van Osselaer and Chris Janiszewski.

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This comprehensive and authorative sourcebook offers academics, researchers and students an introduction to and overview of current scholarship at the intersection of marketing and feminism. In the last five years there has been a resurrection of feminist voices in marketing and consumer research. This mirrors a wider public interest in feminism particularly in the media as well as the academy - with younger women discovering that patriarchal structures and strictures still limit women's development and life opportunities. The F word is back on the agenda  made high profile by campaigns such as #MeToo and #TimesUp. There is a noticeably renewed interest in feminist scholarship, especially amongst younger scholars, and significantly insightful interdisciplinary critiques of this new brand of feminism, including the identification of a neoliberal feminism that urges professional women to achieve a work/family balance on the back of other women's exploitation. Conso

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Book SynopsisTable of ContentsContents: 1 Happiness and wellbeing: past foundations, modern evidence and future paths 1 Luigino Bruni, Dalila De Rosa and Alessandra Smerilli 2 What future happiness research? 17 Bruno Frey PART I HISTORICAL AND PHILOSOPHICAL PERSPECTIVES ON THE ECONOMICS OF HAPPINESS 3 Aristotle, eudaimonia, neuroscience and economics 29 Jeffrey Sachs 4 The economics of eudaimonia 46 Maurizio Pugno 5 Felicitas publica : the southern spirit of capitalism 67 Luigino Bruni 6 ‘Naturaliter homo homini amicus est’: economy, happiness and relationships in Aquinas’ thought 95 Paolo Santori PART II METHODS AND POLICY IMPLICATIONS FOR THE ECONOMICS OF HAPPINESS 7 Complexity and wellbeing: measurement and analysis 113 Filomena Maggino and Leonardo Salvatore Alaimo 8 Growth and happiness in China, 1990–2015 129 Richard A. Easterlin, Fei Wang and Shun Wang 9 Economic growth and well-being beyond the Easterlin paradox 162 Francesco Sarracino and Kelsey J. O’Connor PART III EMPIRICAL APPLICATIONS IN THE ECONOMICS OF HAPPINESS 10 The effect of physical activity on subjective well-being: the case for exercise 190 Mario Lucchini, Egidio Riva and Luca Crivelli 11 Standing together: is family a resilience factor for subjective wellbeing? 215 Dalila De Rosa and Matteo Rizzolli 12 Cooperatives and happiness: cross-country evidence on the role of relational capital 243 Luigino Bruni, Dalila De Rosa and Giovanni Ferri 13 The relationship between migrant acceptance and wellbeing: evidence from the Gallup Migrant Acceptance Index 279 Neli Esipova, Julie Ray and Anita Pugliese Index 305

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Book SynopsisTrade Review‘The “nudge revolution” is now 15 years old, and has produced enough theory and research to warrant a long, hard look. This volume provides it. In its pages, the world’s experts on every aspect of nudging - from how to when to why - describe what we’ve learned about how to use behavioral science to improve human lives. This book is an essential resource for anyone interested in this topic.’ -- Daniel Gilbert, Harvard University, US‘The Research Handbook on Nudges and Society is a fantastic new compendium exploring how we can improve management and policy with nudges. Sunstein and Reisch have brought together outstanding chapters that will inform researchers and policymakers about new challenges and opportunities in the field, elucidating how and when choice architecture can be used most effectively to benefit society.’ -- Katy Milkman, University of Pennslyvania, US‘This is the book you need to catch up with state-of-the art research on behavioural public policy. Inspiring for researchers, policy analysts and policymakers alike.’ -- Anne-Lise Sibony, UCLouvain, Belgium‘An insightful collection of essays exploring the intersection of nudges and society. From theoretical debates to real-world applications, this book delves into the nuances of behavioural public policy. It covers a wide range of debates - on agency, social welfare, economic inequality, polarization, and more. A gem-filled and enjoyable read.’ -- René van Bavel, Joint Research Centre, European CommissionTable of ContentsContents: Introduction to the Research Handbook on Nudges and Society 1 Cass R. Sunstein and Lucia A. Reisch PART I FOUNDATIONS 1 Libertarian paternalism 10 Richard H. Thaler and Cass R. Sunstein 2 Nudgeability and beyond: affording people with opportunities to make the right choice 17 Denise De Ridder 3 Bias, noise and nudges 34 Olivier Sibony 4 Social norm nudging for sustainable consumption 56 John Thøgersen 5 Welfare now 70 Cass R. Sunstein PART II APPLICATIONS 6 Shifting online incentive structures to reduce polarization and the spread of misinformation 91 Steve Rathje and Sander van der Linden 7 Animal protection and information avoidance 109 Richard Völker and Sven Grüner 8 Behavioural interventions to improve financial wellbeing: a focus on budgeting 129 Dilip Soman and Yuna Choe 9 Nudging employees for corporate sustainability: a systematic evidence map 152 Leonie Decrinis and Lucia A. Reisch 10 Smart disclosure: promise and perils 174 Oren Bar-Gill PART III METHODS AND RESEARCH CHALLENGES 11 Nudges versus financial incentives 189 W. Kip Viscusi 12 Priceless behaviours: behavioural implications, unintended consequences and spillover effects of pricing policies 209 Mario Mazzocchi and Beatrice Biondi PART IV POLICYMAKING 13 Nudge+: putting citizens at the heart of behavioural public policy 227 Sanchayan Banerjee and Peter John 14 Addressing inequalities with behavioral science: a taxonomy of positive deviance 242 Kai Ruggeri and Valentina Cafarelli 15 Self-nudging and the citizen choice architect 263 Samuli Reijula and Ralph Hertwig PART V BATTLEFIELDS 16 Behavioural science: ethics, expertise and systemic risk 292 Liam Delaney, Atrina Oraee and Jet Sanders 17 The use and misuse of behavioural science in the age of COVID-19 308 Adam Oliver 18 Eight misconceptions about nudges 319 Cass R. Sunstein Index 329

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Book SynopsisTrade Review‘If you are looking for an engaging treatment by an economist of what optimal pandemic policy response should look like, and what common pitfalls to avoid, that brings to bear insights from epidemiology, economics, and behavioural economics, then I would highly recommend Nudged into Lockdown. Consider this your nudge.’ -- Jeremy Clark, Journal of Economic Psychology‘Nudged into Lockdown? forcefully addresses an important point that has too often gone missing in applied work on nudging and choice architecture: namely, that policy makers and experts, too, make systematic errors when interpreting data and may succumb to biased assessments of risk and uncertainty themselves. The book provides durable insights into how both orthodox benefit-cost analysis and key findings from the behavioural sciences – regarding trust, autonomy and pro-social adaptative responses in decentralised social systems – were sometimes overlooked or underutilised by those who designed covid-response policies.’ -- Nathan Berg, Journal of Behavioral and Experimental Economics‘In responding to the novel coronavirus pandemic, most governments abandoned the existing scientific and policy consensus and mimicked one another to embrace lockdowns of varying stringency. Remarkably, hardly any seemed to produce cost–benefit analysis. Unremarkably, the cost–benefit balance varied between rich and poor countries. In this rigorous, multi-disciplinary examination, written in clearly accessible language, Ananish Chaudhuri explores the reasons for the herd-like behaviour by governments and for the public compliance with their edicts. A must-read for understanding what really happened with Covid-19 and why, and for being better prepared for the inevitable next pandemic.’ -- Ramesh Thakur, Director of the Centre for Nuclear Non-Proliferation and Disarmament (CNND), Crawford School, The Australian National University, Vice Rector and Senior Vice Rector of the United Nations University and Assistant Secretary-General of the United Nations 1998–2007‘This book is at once scholarly and readily accessible to all. The case Chaudhuri makes is not for any specific policy response, but rather for rational and fully informed decisions – for epidemiology over ideology. If the careful logic and vivid illustrations here pry open enough minds, we will be far better prepared for the next great public health crisis than we were for Covid-19.’ -- David L. Katz, MD, MPH President, True Health Initiative and Founding Director, Yale-Griffin Prevention Research Center, Yale University, US, 1998–2019‘Ananish Chaudhuri lays out the many irrationalities involved in the support for lockdowns in New Zealand and elsewhere: an inability to judge small probabilities, the problems with gut feelings, and many ex-post justification biases. Chaudhuri makes the argument carefully and yet manages to retain great humanism and compassion. A delight to read.’ -- Paul Frijters, Professor in Wellbeing Economics, London School of Economics and Political Science, UK and co-author of An Economic Theory of Greed, Love, Groups, and Networks‘In response to the Covid pandemic, many countries adopted containment policies that did not condition on people’s health status or demographic characteristics. This timely and insightful book addresses the questions of what considerations led to those policies and whether those policies were well-informed. The book begins from the premise that the design of effective policy cannot be based solely on the insights of classic epidemiology models. The reason is both simple and sensible: those models don’t take into account behavioral responses of people to policies like containment. The author’s analysis is multidisciplinary in nature, blending economics, psychology, political science and epidemiology. The result is a rich and informative analysis. I highly recommend this well-written and timely book.’ -- Martin Eichenbaum, Charles Moskos Professor of Economics and Co-Director, Center for International Macroeconomics, Northwestern University, US‘This book is a very timely one for those, like me, who believe the democratic world’s lockdown response to the Covid virus will go down as the worst public policy response of the last few centuries. It is sceptical. It is interesting. It is Great Barrington over Chief Medical Officer. There is more to living and the good life than fear of dying of Covid. All the politicians who focused on that matrix, and ignored other causes of death as well as all the benefits of living in a free society, and more, should have to read this book.’ -- James Allan, Garrick Professor in Law, TC Beirne School of Law, University of Queensland, Australia‘In this book Ananish Chaudhuri achieves the impossible – he offers an easy-to-read book that delivers profound insights about our behavior which applies not just to pandemics, but to many other recurrent situations in our daily lives! A must-read for anyone that wants to make better decisions.’ -- Sudipta Sarangi, Professor and Chair, Department of Economics, Virginia Tech, US, Co-Editor, Journal of Economic Behavior and Organization and author of The Economics of Small Things‘Careful comparison of costs and benefits is usually considered a hallmark of wise decision-making. Yet in 2020 many governments abandoned this standard as they tried to minimize deaths from Covid-19 regardless of cost. Traditional cost–benefit arguments were rebuked, by politicians who by nature rarely admit error, but also by ordinary folk affronted that someone would want to “kill granny”. This book draws insights from experimental economics, political science and psychology to show how various biases in decision-making processes contributed to this situation. Fifty years ago, Essence of Decision led a generation of scholars to examine models of government decision-making. Hopefully Ananish Chaudhuri’s lively book has a similar impact, for scholars, students and members of the public concerned about the retreat from rationality that is revealed by policy choices and public attitudes in the Covid-19 era.’ -- John Gibson, Professor of Economics, University of Waikato, New Zealand, Fellow of the Royal Society of New Zealand and Distinguished Fellow of the New Zealand Association of Economists‘This is an excellent book that nicely discusses cutting-edge applications in behavioural economics pertaining to the Covid-19 pandemic. It is thought-provoking and contains pioneering approaches that broaden the scope of behavioural research. Excellent writing style, making the content of the book accessible to a broad audience. Highly recommended!’ -- Michalis Drouvelis, Professor of Economics, University of Birmingham, UK and Co-ordinating Editor, Theory and Decision‘In New Zealand now it is hard to remember the shock of lockdown as a pandemic response. So much has happened. The virus has been kept at bay, so far. The predicted economic disaster has not happened – yet. Massive financial relief for businesses forcibly suspended and jobs at risk was followed by a rapid recovery when shops reopened. But Ananish Chaudhuri is by no means alone in thinking the country could pay a high and lingering price for its unprecedented lockdown, and that these costs, especially the human costs, should have been weighed against the risks the virus posed. His book uses fascinating behavioral studies of economic decision making and the psychology of popular risk assessment to question the merits of measures that New Zealand’s Government took and New Zealanders overwhelmingly accepted. They should read this book and wonder if these were questions they should have asked.’ -- John Roughan, Political Columnist, New Zealand HeraldTable of ContentsContents: 1. Prologue 2. Gut feelings: biases, heuristics and Covid-19 3. Pathogens and probabilities 4. Should we trust people to do the right thing? 5. Politics, pathogens and party lines 6. Irrational exuberance in the midst of Covid-19 7. Epilogue Bibliography Index

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Book SynopsisThis enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research and provides useful insights on how good personal and professional decisions can be made, advancing microeconomic discourse.Trade Review‘Decisions, Preferences, and Heuristics provides a timely update of the relation between psychology and economics: It introduces a fresh vision that takes the evolved mind seriously rather than as a source of violations of utility models, and presents heuristics as smart tools for decision-making in the real world, where optimization is mostly a fiction. In this fascinating book, Pere Mir-Artigues shifts the discourse of microeconomic theory closer to the reality of actual decision-making.’ -- Gerd Gigerenzer, Max Planck Institute for Human Development, Berlin, GermanyTable of ContentsContents: Preface and acknowledgements 1. Introduction 2. Brief history of the relationship between economics and psychology 3. The decision-making process 4. Elements for the analysis of economic decisions 5. Patterns, methods and algorithms for decision-making 6. Decision-making in the consumption of goods and services 7. Summing up References Index

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Book SynopsisTrade Review‘As always, Sunstein's Advanced Introduction is a pleasure to read. This highly informative book is particularly helpful to those interested in law and public policy. Drawing on his deep and extensive work in behavioral law and economics, Sunstein covers much ground in short order. The book introduces readers to both foundational topics and current debates at the frontiers of this burgeoning field of research and policy.’ -- Avishalom Tor, Notre Dame Law School, US‘I love this terrific book. The science of how humans think meets the laws that govern how humans should act – and who better than Sunstein to teach us what happens when these worlds collide!’ -- Anupam B. Jena, Harvard University, US‘To develop policies that improve on society, we need to consider how people behave, both in the absence and presence of policies. I highly recommend this book to anyone interested in public policy and how insights about human behavior may inform policy making. Cass Sunstein’s experiences and extensive expertise in both law making and behavioral economics make him uniquely positioned to provide key insights on the intersection of law and behavioral economics.’ -- Linda Thunström, University of Wyoming, US‘In this book Professor Sunstein summarizes an enormous body of research showing how law affects human behavior. He carefully reviews research from behavioral economics and psychology, provides clever examples, and melds these insights with conventional economics, thereby suggesting ways to make legal systems more efficient—and even more fair.’ -- Jeffrey J. Rachlinski, Cornell Law School, US

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Book SynopsisTrade Review‘As always, Sunstein's Advanced Introduction is a pleasure to read. This highly informative book is particularly helpful to those interested in law and public policy. Drawing on his deep and extensive work in behavioral law and economics, Sunstein covers much ground in short order. The book introduces readers to both foundational topics and current debates at the frontiers of this burgeoning field of research and policy.’ -- Avishalom Tor, Notre Dame Law School, US‘I love this terrific book. The science of how humans think meets the laws that govern how humans should act – and who better than Sunstein to teach us what happens when these worlds collide!’ -- Anupam B. Jena, Harvard University, US‘To develop policies that improve on society, we need to consider how people behave, both in the absence and presence of policies. I highly recommend this book to anyone interested in public policy and how insights about human behavior may inform policy making. Cass Sunstein’s experiences and extensive expertise in both law making and behavioral economics make him uniquely positioned to provide key insights on the intersection of law and behavioral economics.’ -- Linda Thunström, University of Wyoming, US‘In this book Professor Sunstein summarizes an enormous body of research showing how law affects human behavior. He carefully reviews research from behavioral economics and psychology, provides clever examples, and melds these insights with conventional economics, thereby suggesting ways to make legal systems more efficient—and even more fair.’ -- Jeffrey J. Rachlinski, Cornell Law School, US

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Book SynopsisTable of ContentsContents: 1. Introduction to The Behavioural Economics of John Maynard Keynes 2. Fundamentals of economics 3. Rational choice: a normative concept 4. Choice under uncertainty: animal spirits 5. Expectations over time 6. Socially embedded individuals 7. The resurrection and fall of homo oeconomicus 8. Conclusion: the economy we live in References Index

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Book SynopsisThis enlightening book comprehensively maps the current state of economic psychology and behavioural economics. Exploring key concepts, topics and models in the field, it is also a launching pad for future research and provides useful insights on how good personal and professional decisions can be made, advancing microeconomic discourse.

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Book SynopsisThis comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.

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Book SynopsisHow can individuals best be encouraged to take more responsibility for their well-being and their environment or to behave more ethically in their business transactions? Across the world, governments are showing a growing interest in using behavioural economic research to inform the design of nudges which, some suggest, might encourage citizens to adopt beneficial patterns of behaviour. In this fascinating collection, leading academic economists, psychologists and philosophers reflect on how behavioural economic findings can be used to help inform the design of policy initiatives in the areas of health, education, the environment, personal finances and worker remuneration. Each chapter is accompanied by a shorter 'response' that provides critical commentary and an alternative perspective. This accessible book will interest academic researchers, graduate students and policy-makers across a range of disciplinary perspectives.Trade Review'In this exciting new book some of the world's leading economists greatly expand the new field of the behavioural economics of public policy. From their insights we will have better governance on issues ranging from health care to disclosure practice to the environment.' George A. Akerlof, University of California, Berkeley, and Nobel Laureate in Economics, 2001'This subject is at the heart of the reform of public services in the twenty-first century. The need to provide better public services with fewer resources, combined with recent advances in behavioural sciences, is creating a quiet revolution in the way public policy is analysed and services are delivered. This book is essential reading for all interested in improving public policy and services.' Lord Gus O'Donnell, Former Cabinet Secretary and Head of the Civil Service'The field of behavioral economics has evolved rapidly over the past thirty years, and this exciting volume shows how these developments can be applied to important policy questions. This book is a valuable source of insight for practitioners, students, and researchers.' Ernst Fehr, University of Zurich'The rapid growth of applications to policy is surely the most important development in behavioural economics in recent years. This volume reports some of these advances, but it also includes a welcome discussion of the moral underpinnings of behavioural interventions in policy.' Daniel Kahneman, Princeton University, and Nobel Laureate in Economics, 2002'This volume eloquently reveals the extraordinary power of behavioral economics as a tool for predicting and influencing human behavior, and simultaneously raises profound questions about the ethical foundations of the brave new world of paternalistic policies that is rapidly emerging.' David Laibson, Harvard University'The idea of using behavioral economics to design public policy has captured the popular imagination. This book provides scientific meat behind this idea. It brings together a wonderful collection of thoughtful scholarly articles by some of the biggest names in the area.' Sendhil Mullainathan, Harvard University'An exceptionally important set of contributions to current discussions of behavioral economics and public policy. Written by some of the best researchers in the world, the various chapters break new ground. They should be read carefully by policymakers and academics alike.' Cass R. Sunstein, Harvard University, and Former Administrator, White House Office of Information and Regulatory AffairsTable of ContentsIntroduction Adam Oliver; 1. Ambiguity aversion and the UK government's response to swine flu Adam Oliver; 1.1 A response to Oliver Christopher Exeter; 2. Models of governance of public services: empirical and behavioural analysis of 'Econs' and 'Humans' Gwyn Bevan and Barbara Fasolo; 2.1 A response to Bevan and Fasolo Charitini Stavropoulou; 3. From irresponsible knaves to responsible knights for just 5p: behavioural public policy and the environment Kate Disney, Julian Le Grand and Giles Atkinson; 3.1 A response to Disney, Le Grand and Atkinson Richard Cookson; 4. The more who die, the less we care: psychic numbing and genocide Paul Slovic and Daniel Västfjäll; 4.1 A response to Slovic and Västfjäll Jonathan Wolff; 5. Healthy habits: some thoughts on the role of public policy in healthful eating and exercise under limited rationality Matthew Rabin; 5.1 A response to Rabin Alex Voorhoeve; 6. Confessing one's sins but still committing them: transparency and the failure of disclosure Sunita Sah, Daylian M. Cain and George Loewenstein; 6.1 A response to Sah, Cain and Loewenstein Robert Sugden; 7. How should people be rewarded for their work? Bruno Frey; 7.1 A response to Frey Matteo M. Galizzi; 8. Influencing the financial behaviour of individuals: the mindspace way Paul Dolan; 8.1 A response to Dolan Sander van der Linden; 9. Decision analysis from a neo-Calvinist point of view Drazen Prelec; 9.1 A response to Prelec Luc Bovens; Index.

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Book SynopsisThe essays in this book discuss human behavior and the institutions of capitalism. The essays are non-technical and are written so as to be accessible to students of all disciplines and to all other persons interested in capitalism and in economic behavior.Trade ReviewReview of the hardback: 'This lovely set of essays provides a small intellectual feast. The readings are a delight for the thoughtful economist and should be an excellent supplement for any number of undergraduate or graduate economic courses or law school offerings. Demsetz's economics is the lively engagement with fundamental questions such as the root of property rights, the delayed emergence of capitalism, and declining family size. He demonstrates the power of simple straightforward economic instincts and principles when wielded by a sharp mind aided by a fluid pen to enlighten important social questions.' Lloyd Cohen, George Mason UniversityReview of the hardback: 'Harold Demsetz's contributions to economics are well known for their simple originality and have laid important foundations in many areas of economics. With this book, Harold Demsetz continues to spoil his audience with a wide-ranging array of novel and thought-provoking essays.' Francesco Parisi, University of Minnesota and University of BolognaReview of the hardback: '… From Economic Man to Economic System is an excellent piece of research, which focuses on various economic discussions of individual behavior and the behaviour of economic institutions. Tackling the important issues of self-interest and capitalism and its institutions, it is worthwhile reading for everyone who is interested in economic decisions and economic institutions.' Friedrich Schneider, Johannes Kepler University of LinzReview of the hardback: 'From Economic Man to Economic System brings Harold Demsetz's deep learning and analytical insights to bear on ongoing intellectual debates addressing the efficiency (and efficacy) of unfettered market capitalism, the regulation of environmental quality and the modern business corporation, and the causes of the wealth of nations. The … essays collected here are uniformly well crafted and thought-provoking. The product of a lifetime of reflection by one of the economics profession's most penetrating thinkers, From Economic Man to Economic System will be of interest to economists, legal scholars and many others.' William F. Shughart, II, F. A. P. Barnard Distinguished Professor of Economics, University of MississippiTable of Contents1. Where economic man dwells; 2. Economic man's escape from Mathus's population trap; 3. Protecting you from yourself; 4. Rescuing economic man from the selfish gene; 5. Crossing disciplinary boundaries; 6. The late arrival of capitalism; 7. Ownership and exchange; 8. Reinterpreting the externality problem; 9. Firms and households as substitutes; 10. The contrast between firms and political parties; 11. The public corporation: its ownership and control; 12. Public policy's indirect effects on the control, organization, and importance of firms.

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Book SynopsisEconomic Psychology is the only up-to-date, English-language textbook that provides a comprehensive overview of theoretical topics in economic psychology and their relevance in applied fields. Written by two leading psychologists, the book looks at how people make decisions on the use of scarce resources, in particular money, from a psychological perspective. Starting with decision making and lay theories as basic building blocks of economic behaviour, the authors go on to explore three major markets where economic behaviour occurs as an interaction between individuals and companies or institutions - consumer markets, labour markets and financial markets - before considering the challenges of collective cooperation and economic prosperity. Featuring numerous applied examples throughout, each chapter also includes an overview, a summary, figures, key terms, student questions and suggestions for further reading. This introduction is an essential resource for advanced undergraduate and poTrade Review'… this is an excellent book, well suited to introduce economic psychology to students both in psychology and in economics/business … [it] is one of the best introductions to economic psychology in the English language.' Edoardo Lozza, Università Cattolica del Sacro Cuore, Milano'This is a splendid, accessible and up-to-date resource for advanced undergraduates and postgraduates, written by two experts in the field. It reflects not only the now familiar overlap between cognitive psychology and behavioural economics based on prospect theory and other innovations, but also social psychological perspectives on lay theories and social representations. All sections include useful and engaging summaries, questions that can be used for students' essays, and suggestions for further reading.' Alan Lewis, University of Bath'The book, from two intellectual heavyweights in economic psychology, provides an authoritative overview of the research's state-of-the-art in economic psychology. It is a must-read for everybody in the profession.' Martin Kocher, University of Munich'Finally - economic psychology now has the textbook that it desperately needed. Comprehensive, informative, illustrative, and written by two of the most renowned experts in this field. For anybody interested in economic psychology, and especially for those who want to get the whole picture, this book is a must-read.' Stefan Schulz-Hardt, University of GöttingenTable of Contents1. Economic psychology: history and application; 2. Decision-making: normative models and anomalies; 3. Decision-making: descriptive models and choice architecture; 4. Lay theories: knowledge and money; 5. Consumer markets: purchasing and credit use; 6. Labour markets: wages and entrepreneurship; 7. Financial markets: risk and investment; 8. Collective co-operation: shadow economy and tax paying; 9. Collective production: work and unemployment; 10. Collective prosperity: wealth and happiness.

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Book SynopsisA comprehensive introduction and overview of research in Routine Dynamics. It will appeal to graduate students and scholars in organisation and management studies, especially those researching organisational routines, dynamic capabilities, micro-foundations, strategy as practice and the behavioural theory of the firm.Trade Review'This important handbook lays the ground work for the systematic examination of routines in action across a wide range of organizational conditions, concerns, and consequences. In our unsettled times when so much is on the move, this timely compendium provides an extensive set of conceptual tools and rich array of applications for exploring the workings and entailments of routine dynamics. It will serve as an invaluable resource for scholars interested in practice-based investigations of contemporary organizational routines.' Wanda J. Orlikowski, Alfred P. Sloan Professor of Information Technologies & Organization Studies, MIT Sloan School of Management, Massachusetts Institute of Technology'The notion of routines as dynamic generative systems developed by the editors and contributors to this volume over the last 20 years has enriched our theorizing of routines as a central feature of organizing, stimulated methodological innovation, and raised novel research questions with important practical implications. This Handbook is a fabulous resource that pulls together these developments and lays out a rich and diverse agenda for future work.' Ann Langley, Honorary Professor of Management, HEC Montreal'The study of routines has significantly increased in the past two decades, and is now a central perspective within the organization theory community for exploring organizational change and stability. This Handbook provides a super introduction to, and overview of, this growing literature. It connects Routine Dynamics to multiple theoretical perspectives, and in doing so reveals how its language and methodological approaches generate new ways of seeing and digging into important organizational and social issues – such as 'social injustice, fraud and organized crime'. This Handbook should become a 'must read' for organization and management scholars.' Royston Greenwood, Professorial Emeritus, School of Business, University of Alberta and Professorial Fellow, University of Edinburgh Business School'Routines, and how they change, are central to organizations. The editors have responded by engaging a fabulous array of theoretical perspectives - from agent-modelling to practice theory, from actor-network theory to path dependency. Organization Theorists of all stripes will want to grapple with the fundamental research challenges posed by this inspiring volume.' Richard Whittington, Professor of Strategic Management, Saïd Business School, Oxford UniversityTable of Contents1. What is routine dynamics Luciana D'Adderio, Katharina Dittrich, Martha S. Feldman, Brian T. Pentland, Claus Rerup and David Seidl; Part I. Theoretical Resources for Research Dynamics Research: 2. Practice theory and routine dynamics Martha S. Feldman; 3. Process theorizing and routine dynamics Haridimos Tsoukas; 4. Ethnomethodology and routine dynamics Juan López-Cotarelo; 5. Pragmatism and routine dynamics Dionysios D. Dionysiou; 6. Actor-network theory and routine dynamics Kathrin Sele; 7. Materiality and routine dynamics Luciana D'Adderio; Part II. Methodological Issues in Research Dynamics Research: 8. Ethnography and routine dynamics Katharina Dittrich; 9. Video methods and routine dynamics Curtis LeBaron and Marlys K. Christianson; 10. Field experiments in routine dynamics Hari Bapuji, Manpreet Hora and Huashan Li; 11. Agent-based modeling in routine dynamics Dehua Gao; 12. Sequence analysis in routine dynamics Christian A. Mahringer and Brian T. Pentland; 13. Narrative networks in routine dynamics Brian T. Pentland and Inkyu Kim; 14. Bakhtin's chronotope and routine dynamics Simon Addyman; Part III. Themes in Routine Dynamics Research: 15. Truces and routine dynamics Luciana D'Adderio and Mehdi Safavi; 16. Context, embeddedness and routine dynamics Jennifer Howard-Grenville and Jan Lodge; 17. Routine interdependence: intersections, clusters, ecologies and bundles Rodrigo A. Rosa, Waldemar Kremser and Sergio Bulgacov; 18. Cognition in routine dynamics Nathalie Lazaric; 19. Time, temporality and history in routine dynamics Scott F. Turner and Violina P. Rindova; 20. Transfer and replication in routine dynamics Charlotte Blanche and Patrick Cohendet; 21. Innovation work and routine dynamics Fleur Deken and Kathrin Sele; 22. Design and routine dynamics Frithjof E. Wegener and Vern L. Glaser; 23. Algorithms and routine dynamics Vern L. Glaser, Rodrigo Valadao and Timothy R. Hannigan; 24. Complexity in routine dynamics Thorvald Hærem, Yooeun Jeong and Mathias Hansson; 25. Bodies and routine dynamics Charlotte Blanche and Martha S. Feldman; 26. Emotion and routine dynamics Giada Baldessarelli; 27. Professional identity and routine dynamics Emre Karali; 28. Occupations, professions and routine dynamics Joanna Kho and Paul Spee; 29. Management practice and routine dynamics Simon Grand; 30. Project-based and temporary organizing and routine dynamics Eugenia Cacciatori and Andrea Prencipe; 31. Self-managed forms of organizing and routine dynamics Waldemar Kremser and Jun Xiao; 32. Unexpected events and routine dynamics Daniel Geiger and Anja Danner-Schröder; Part IV. Related Communities of Thought: 33. Carnegie school experiential learning and routine dynamics Claus Rerup and Bryan Spencer; 34. Dynamic capabilities and routine dynamics Carlo Salvato; 35. Strategy as practice and routine dynamics David Seidl, Benjamin Grossmann-Hensel and Paula Jarzabkowski; 36. Path dependence and routine dynamics Jörg Sydow; 37. Business process management and routine dynamics Bastian Wurm, Thomas Grisold, Jan Mendling and Jan vom Brocke; Index.

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Book SynopsisA comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology.Table of ContentsPreface xv Notes on Contributors xvii Acknowledgements xxvii PART 1 Fundamentals 1 Chapter 1 Introduction to Economic Psychology: The Science of Economic Mental Life and Behaviour 3Rob Ranyard and Vera Rita de Mello Ferreira 1.1 Introduction 4 1.2 The emergence of the discipline 5 1.3 Research methods 10 1.4 Economic mental representations 11 1.5 Financial behaviour and economic activity 12 1.6 Life-span perspectives 13 1.7 Economic psychology and society 14 1.8 Summary 16 Note 16 Review questions 16 References 16 Further reading 18 Chapter 2 Theories of Economic Decision-Making: Value, Risk and Affect 19Anton Kühberger and Michael Schulte-Mecklenbeck 2.1 Introduction 20 2.2 Value and utility 20 2.3 Risk and uncertainty 22 2.4 Developments based on Subjectively Expected Utility (SEU) 23 2.5 B eyond Utility-Based Theories 25 2.6 Hot Decisions 27 2.7 Summary 31 Review Questions 31 References 31 Further Reading 34 Chapter 3 Future-Oriented Decisions: Intertemporal Choice 35Daniel Read and Marc Scholten 3.1 Introduction 36 3.2 Rational Intertemporal Choice 36 3.3 A nomalies in Intertemporal Choice 38 3.4 E xplaining Anomalies 41 3.5 Framing Effects 42 3.6 What Do We Care About When We Measure Intertemporal Choice? 44 3.7 Summary 45 Notes 46 Review Questions 46 References 47 Further Reading 50 Part 2 Research Methods 51 Chapter 4 Research Methods for Economic Psychology 53Gerrit Antonides 4.1 Introduction 54 4.2 Q ualitative Methods 55 4.3 Q uantitative Methods 58 4.4 Conclusion 63 4.5 Summary 64 Review Questions 64 References 64 Further Reading 68 Chapter 5 Assessing Psychological Dispositions and States that Can Influence Economic Behaviour 69Simon McNair and W. Ray Crozier 5.1 Introduction 70 5.2 Psychological Dispositions and Economic Behaviour 71 5.3 Psychological States and Economic Behaviour 76 5.4 Methodological Issues in Assessing Dispositions and States 81 5.5 Summary 82 Notes 83 Review Questions 83 References 83 Further Reading 87 Chapter 6 Developing, Evaluating, and Using Subjective Scales of Personality, Preferences, and Well-Being: A Guide to Psychometrics for Psychologists and Economists 88Alex M. Wood and Christopher J. Boyce 6.1 Introduction 89 6.2 The Importance of Psychometrics for Economic Psychology Research 89 6.3 S teps in Developing a Scale 91 6.4 Other Steps and Conclusion 100 6.5 Summary 100 Note 100 Review Questions 101 References 101 Further Reading 103 Part 3 E conomic Mental Representations 105 Chapter 7 The Psychological Meaning of Money 107Tomasz Zaleskiewicz, Agata Gasiorowska and Kathleen D. Vohs 7.1 Introduction 108 7.2 Money: Economic and Psychological Perspectives 108 7.3 Predictions 109 7.4 The Method of Money Priming: Akin to Getting a Taste of Big Money 111 7.5 Results 112 7.6 Summary 118 Acknowledgements 118 Review questions 118 References 119 Further Reading 121 Chapter 8 Mental Accounting and Economic Behaviour 123Gerrit Antonides and Rob Ranyard 8.1 Introduction 124 8.2 B road Mental Accounts 124 8.3 Mental Accounts for Specific Financial Decisions 126 8.4 Other Categorizations of Money 127 8.5 Functions of Mental Accounts 129 8.6 D eterminants of Mental Accounting 133 8.7 Conclusion 134 8.8 Summary 135 Review Questions 135 References 136 Further Reading 138 Chapter 9 How Laypeople Understand the Economy 139David Leiser and Zeev Krill 9.1 Introduction: Understanding Economics Is Hard Yet Expected 140 9.2 Interacting Variables 143 9.3 U sing Metaphors 147 9.4 Financial Literacy 149 9.5 Summary 150 Review Questions 151 References 151 Further Reading 154 Chapter 10 The Citizen’s Judgements of Prices and Inflation 155Rob Ranyard, Fabio Del Missier, Nicolao Bonini and Davide Pietroni 10.1 Introduction 156 10.2 Price Evaluation 156 10.3 Inflation 161 10.4 Policy Implications 165 10.5 Summary 166 Notes 166 Review Questions 167 References 167 Further Reading 170 Chapter 11 Materialism and the Meanings of Possessions 171W. Ray Crozier 11.1 Introduction: The Socio-Economic Context of Possessions and Materialism 172 11.2 The Psychological Meanings of Possessions 173 11.3 Psychological Aspects of Materialism 176 11.4 Materialism and Subjective Well-Being 178 11.5 Summary 182 Notes 183 Review Questions 183 References 183 Further Reading 185 Part 4 Financial Behaviour 187 Chapter 12 Defining and Influencing Financial Capability 189Ivo Vlaev and Antony Elliott 12.1 Introduction 190 12.2 A New Conceptualization of Financial Capability 190 12.3 Ways to Influence Financial Capability 196 12.4 Conclusion 202 12.5 Summary 202 Notes 202 Review Questions 203 References 203 Further Reading 205 Chapter 13 Saving Behaviour: Economic and Psychological Approaches 206Ellen K. Nyhus 13.1 Introduction 207 13.2 E conomic Perspectives 209 13.3 Psychological Approaches 211 13.4 Summary 217 Review Questions 218 References 218 Further Reading 221 Chapter 14 The Psychology of Borrowing and Over-Indebtedness 222Rob Ranyard, Sandie McHugh and Simon McNair 14.1 Introduction 223 14.2 D eterminants of Borrowing 224 14.3 Credit Choice Processes 225 14.4 Repayment Strategies 228 14.5 Routes to Over-Indebtedness 229 14.6 Psychological Consequences of Debt 230 14.7 Policy Implications 231 14.8 Summary 233 Review Questions 234 References 234 Further Reading 238 Chapter 15 Behaviour in Financial Markets 239Martin Hedesström 15.1 Introduction 240 15.2 D o Stocks Always Trade at the ‘Right’ Price? 240 15.3 Cognitive Influences on Investor Behaviour 242 15.4 E motional Influences 246 15.5 S ocial Influences 248 15.6 Policy Implications 250 15.7 Summary 250 Review Questions 250 References 251 Further Reading 254 Chapter 16 Tax Behaviour 255Erich Kirchler and Erik Hoelzl 16.1 Introduction 256 16.2 Taxes and Tax Compliance 256 16.3 Tax Attitudes by Individual Taxpayers 258 16.4 Profit Shifting and Aggressive Tax Planning by Companies 260 16.5 Regulation Strategies by Tax Authorities 261 16.6 Interaction Climates Between Taxpayers and Tax Authorities 264 16.7 Practical Implications 267 16.8 Summary 268 Review Questions 268 References 268 Further Reading 271 PART 5 E conomic Activity 273 Chapter 17 Volunteer Organizations: Motivating with Awards 275Bruno S. Frey and Jana Gallus 17.1 Introduction 276 17.2 Organizational Forms 276 17.3 A wards as Motivation 279 17.4 Conditions for Successfully Giving Awards to Volunteers 282 17.5 E ffects Of Awards on Performance 284 17.6 Summary 285 Review Questions 285 References 285 Further Reading 286 Chapter 18 Entrepreneurial Activity 287Artur Domurat and Tadeusz Tyszka 18.1 Introduction 288 18.2 E nvironmental Factors and Entrepreneurship 289 18.3 Reasons for Engaging in Entrepreneurial Activity 290 18.4 Personality Characteristics of Entrepreneurs 292 18.5 Psychological Traps in Entrepreneurship 296 18.6 Teaching Entrepreneurship 297 18.7 Summary 299 Review Questions 300 References 300 Further Reading 303 Chapter 19 The Economic Psychology of Gambling 304Juemin Xu and Nigel Harvey 19.1 Introduction 305 19.2 Lotteries 305 19.3 S cratch Cards 307 19.4 Roulette 307 19.5 Fruit Machines 309 19.6 S ports Betting 309 19.7 Card Games 311 19.8 Problem Gambling 312 19.9 Summary 314 Review Questions 314 References 314 Further Reading 318 PART 6 Life-Span Perspectives 319 Chapter 20 Economic Socialization: Childhood, Adolescence, and Early Adulthood 321Annette Otto and Joyce Serido 20.1 Introduction 322 20.2 A Contextual Framework for Economic Behaviour Development 322 20.3 The Role of Parents in Economic Socialization 325 20.4 The Study of Economic Behaviour Development From Childhood Through Early Adulthood 327 20.5 Summary 331 Review Questions 331 References 331 Further Reading 336 Chapter 21 Childhood Psychological Predictors of Lifelong Economic Outcomes 337Mark Egan, Michael Daly, and Liam Delaney 21.1 Introduction 338 21.2 Literature Review 338 21.3 Lifecourse Perspective 344 21.4 Methodological Challenges 346 21.5 Policy Implications 348 21.6 Conclusion 349 21.7 Summary 349 Notes 350 Review Questions 350 References 350 Further Reading 353 Chapter 22 The Economic Psychology of Financial Decision-Making and Money Management in the Household 354Stefanie J. Sonnenberg 22.1 Introduction 355 22.2 Financial Decision-Making in the Household 356 22.3 Household Money Management 361 22.4 Conclusion 366 22.5 Summary 367 Notes 368 Review Questions 368 References 368 Further Reading 370 Chapter 23 Ageing and Economic Decision-Making 371Wändi Bruine De Bruin 23.1 Introduction 372 23.2 The Role of Cognitive Deliberation in Decision Making 372 23.3 The Role of Experience-Based Knowledge in Decision-Making 373 23.4 The Role of Emotions in Decision-Making 374 23.5 The Role of Motivation and Strategies in Decision-Making 375 23.6 Interventions 376 23.7 D irections for Future Research 378 23.8 Summary 380 Acknowledgements 380 Review Questions 381 References 381 Further Reading 386 Part 7 Economic Psychology and Society 387 Chapter 24 Psychological Determinants of Charitable Giving 389Tehila Kogut and Ilana Ritov 24.1 Introduction 390 24.2 D onation Decisions: Costs and Rewards 390 24.3 Causes that Elicit More Help 391 24.4 S pecific Individuals in Need 393 24.5 E ffectiveness and Impact 395 24.6 Who Helps – and When? 396 24.7 Main Research Methods in the Study of Charitable Giving 398 24.8 Future Research Directions 399 24.9 Summary 400 Review Questions 400 References 400 Further Reading 404 Chapter 25 Life Satisfaction and Emotional Well-Being: Psychological, Economic and Social Factors 405Tommy Gärling and Amelie Gamble 25.1 Introduction 406 25.2 Views of Well-Being in Economics and Psychology 406 25.3 Measurement of Subjective Well-Being 407 25.4 Factors Influencing Subjective Well-Being 409 25.5 Consequences of Subjective Well-Being 415 25.6 Summary 417 Review Questions 417 References 417 Further Reading 420 Chapter 26 Living in Poverty: Understanding the Financial Behaviour of Vulnerable Groups 421Cäzilia Loibl 26.1 Introduction 422 26.2 D efinition of Poverty 422 26.3 Characteristics of Financial Behaviours 423 26.4 Vulnerable Population Groups 427 26.5 Policy Implications 431 26.6 Summary 431 Review Questions 431 References 432 Further Reading 434 Chapter 27 Economic Psychology and Pro-Environmental Behaviour 435Michel Handgraaf, Anouk Griffioen, Jan Willem Bolderdijkand John Thøgersen 27.1 Introduction 436 27.2 B ounded Rationality 437 27.3 The Environment as a Social Dilemma 441 27.4 Conclusion 444 27.5 Summary 445 Review Questions 446 References 446 Further Reading 450 Chapter 28 Insurance Behaviour and Society 451Rob Ranyard, John K. Ashton and Bill Hebenton 28.1 Introduction 452 28.2 Insurance as Risk Protection 452 28.3 Mis-Selling 456 28.4 Insurance Fraud 459 28.5 Summary 462 Notes 463 Review Questions 463 References 463 Further Reading 467 Index 469

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Book SynopsisSomewhere along the way, we got distracted. As much as we multitask, love our devices and feel like we're in control, deep down we know that something is off. Shortened attention spans, declines in critical thinking, lack of sleep, self-doubt and decreased creativity are just some of the effects coming to light in an age of digital distraction. It's time to reclaim our lives. It's time to take control. Lifescale is a journey of self-discovery and growth. It's about getting back into balance and remastering our destinies. Author Brian Solis knows first-hand. He struggled with distraction and all of its ill-effects. To get his life back, he developed a set of techniques, exercises, and thought experiments designed to tame the chaos, and positively and productively navigate our day-to-day lives. Instead of falling victim to the never-ending cycle of newsfeeds, Likes, addictive apps, and boredom scrolling (aka the endless scroll), we can learn to manage our time andTable of Contents1 Realize 10 2 Awaken 20 3 Refocus 46 4 Believe 67 5 Rekindle 88 6 Reconsider 105 7 Value 113 8 Reorient 131 9 Silence 142 10 Liberate 165 11 Purpose 176 12 Energize 203 13 Visualize 230 14 Dive 256 Conclusion 287

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Book SynopsisSince the financial crisis, there have been numerous reports, articles and books highlighting the gloomy future ahead. Making Sense of Markets makes the case that received wisdom is still far too pessimistic, and that the future may be brighter than feared. A plain-speaking guide to keeping an open mind (and how to profit from it).Trade Review'There has never been a time in history when it wouldn't have been easy to find excuses not to invest. At last, an honest antidote, grounded on solid economic thinking, to combat our costly human tendency to pervasive pessimism when it comes to investing. This book punctures the too-easy consensus that the glass is half empty and provides a guide to how investors should really think about the world.' Greg B Davies, PhD: Head of Behavioural-Quantitative Finance, Barclays Wealth and Investment Management "A refreshingly clear, practical and provocative guide to investing that should appeal to individual savers and finance professionals alike. Gardiner combines a deep understanding of macroeconomic and finance theory (and its limits) with a wealth of investment experience. His conclusion: be humble, keep it simple, be optimistic!" Joachim Fels, Global Economic Advisor, PIMCO "Too many financial journalists and practitioners try to make the investment process more exciting than it should be and more esoteric than it needs to be. Kevin Gardiner, a credentialed, experienced practitioner and engaging writer, eschews over-dramatization and self-aggrandizement to offer a common sense approach to investing. Take his advice." Aaron Gurwitz PhD, Former Chief Investment Officer at Barclays Wealth and Investment Management, and Adjunct Instructor in Economics, New York University 'A book full of common sense and wisdom which punctures several myths about economic performance, financial markets and the links between the two, Making Sense of Markets is a refreshing and insightful counter to the view that economic outcomes for decades to come will be weaker than in the past' Professor David Miles, The Monetary Policy Committee, The Bank of EnglandTable of ContentsIntroduction: What We Talk About When We Talk About Markets PART I: THE GLASS IS HALF-FULL 1: Why Is Everybody So Gloomy? The Conventional Account Of What's Gone Wrong2: An Alternative Account – A Richness Of Embarrassments Money Didn't Make The World Go Round3: Five Big Things To Worry Less About – Or Why It Still Pays To Invest In The West 3.I: Debt – There Is Life After It 3.II: Demography – The Timebomb Defused 3.III. Decadence – The West Can Compete 3.IV: Depletion – The Sustainability Challenge 3.V: Danger – Geopolitical Tensions In Context 4: Sources Of Perspective – And A Tiger's Tale Taking A Wider View Raising The Signal-To-Noise Ratio Avoid Clichés Like The Plague Anchoring Downwards: Why Gloom Gets A Grip PART II: WHAT TO DO ABOUT IT5: Know The Game, Know Yourself Be Satisficed: What Investment Is Not About, And The Importance Of Showing Up Know Your Pundits; The Only Theme Worth Investing In A Personal Investment Policy6: Back To Basics: What You Need To Own – It's About Time Here For The Duration: The Key Investment Characteristics The Usual Suspects: The Main Asset Classes And The 'Must Haves' 7: Putting It All Together – Weighting In Vain? Reasonable Expectations And Fair Values Weighting In Vain 8: Conclusion – Postmodern Portfolio Theory

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Book SynopsisIn this fascinating volume, Nicholas O'Shaughnessy elucidates the phenomenon of the Nazi propaganda machine via the perspective of consumer marketing, conceptualising the Reich as a product campaign. Building on his acclaimed Selling Hitler (2016), he uses marketing scholarship to show how propaganda and political marketing existed not merely as an instrument of government in Nazi Germany, but as the very medium of government itself.Marketing the Third Reich explores the insidious connection between a mass culture and a political movement, and how the cultures of consumption and politics influence and infect each other consumerised politics and politicised consumption. Ultimately its concern is with the engineering of consent' the troubling matter of how public opinion can be manufactured, and governments elected, via sophisticated methodologies of persuasion developed in the consumer economy. Nazism functioned as a brand, packaging almost everything with persTrade Review"Nicholas O’Shaughnessy has come up with an incisive and intriguing way of looking at the Third Reich through its fiendishly effective brand marketing. The methods of Joseph Goebbels’ sinister genius at PR is laid bare superbly, and this book is replete with fascinating and important lessons for the present day."Professor Andrew Roberts, Author, The Storm of War""Only first class business and that in a first class way " was a motto of David Ogilvy. But what if the product and clients were loathsome? Like a barrister's advocacy the power of brilliant marketing can serve a false and perverse master. Never has this been truer than in the case of the Third Reich. Nicholas O'Shaughnessy's extraordinary book shows how it set out to be a well-managed brand and previewed many of the techniques of modern marketing communications in a sedulously first class way." Miles Young, Non Executive Chairman, Ogilvy and Mather Worldwide"This is an accomplished, rare, interdisciplinary text. It provides an historical overview of how one of the most heinous regimes in history used prototype marketing and propaganda to gain and retain power. It’s a must-read both for those who would wish to govern us and those who are governed alike." Professor Paul Baines, Cranfield University, UK "Professor O'Shaughnessy has found an innovative new way of examining the Third Reich, by looking closely at how it was sold and marketed."Giles MacDonogh, Writer and Historian"Nicholas O'Shaughnessy's elegant and detailed historical scholarship has previously drawn our attention to unsettling traces of brand marketing strategy behind the calamitous rise of Adolf Hitler and the Nazis. In Marketing the Third Reich he emboldens his thesis to show that the Nazis were ineluctably masters of marketing. He challenges conventional wisdom in both political history and in marketing scholarship by arguing that both are swayed by the nebulous yet compelling techniques of mass persuasion. In our propagandistic era of tumultuous political populism, this penetrating work is alarmingly resonant." Professor Chris Hackley, Royal Holloway University of London, UKTable of ContentsTable of ContentsIntroduction. Part I Advocacy: The Nazi Brand and its Protagonists 1. Was there a Nazi brand? 2. The marketing managers of the Third Reich: A chaos theory of government Part II Operational: Implementing the Nazi Brand 3. Promotion: political marketing communication- The Ministry of Illusion 4. Product: Adolf Hitler, The Ersatz Kaiser 5. Packaging: The politics of consumption and the consumption of politics 6. Place: Political marketing channels, the entrepreneurship of the public space Part III Legacy: The Implications of the Nazi Brand 7. Hitler our contemporary: Brand heritage, the Reich as power brand 8. Was Adolf Hitler ahead of his time? A review of comparative self-presentation Epilogue: The Führer and the Donald: the ghost of a resemblance?

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Book SynopsisMany nudges aim to make life simpler, safer, or easier for people to navigate, but what do members of the public really think about these policies? Drawing on surveys from numerous nations around the world, Sunstein and Reisch explore whether citizens approve of nudge policies. Their most important finding is simple and striking. In diverse countries, both democratic and nondemocratic, strong majorities approve of nudges designed to promote health, safety, and environmental protectionand their approval cuts across political divisions.In recent years, many governments have implemented behaviorally informed policies, focusing on nudgesunderstood as interventions that preserve freedom of choice, but that also steer people in certain directions. In some circles, nudges have become controversial, with questions raised about whether they amount to forms of manipulation. This fascinating book carefully considers these criticisms and answers important questions. What do citizeTrade Review"This is a fantastic book that will be required reading for the growing number of people around the world who want to nudge for good!", Owain Service, UK Behavioural Insights Team"Nudges can save lives, but only if people let them. Drawing on surveys from around the world, Sunstein and Reisch find surprising regularities in the policies people support, regularities that generalize across nations and nudges. This book is essential reading for prudent policymakers.", Barbara Ann Mellers, I. George Heyman University Professor, Wharton University of Pennsylvania, USA"The results of carefully collected survey data from several countries inform the design of a convincing "bill of rights" for nudges by government, a list of rights that is also consistent with broadly accepted normative principles. The book is thus an important guide for research and practice going forward.", Jonathan Baron, Professor of Psychology, School of Arts and Sciences, University of Pennsylvania, USA"A short, thoughtful, measured and important analysis of what citizens actually think about nudging and why that matters." Julian Baggini, Financial Times"Trusting Nudges is a timely contribution to prudent policymaking...For those who have followed nudge hypothesis, this book is a welcome addition to the growing literature on a subject that captures central concerns in legitimising the role of nudges in civic life." Sudhirendar Sharma, The Hindu Business Line"This is a fantastic book that will be required reading for the growing number of people around the world who want to nudge for good!", Owain Service, UK Behavioural Insights Team"Trusting Nudges is an important contribution to the literature of behaviourally informed policy...The comparison between countries is particularly necessary to establish a common base for nudges. Trusting Nudges has collected a small arsenal of evidence for this purpose that may inspire further research about how and why people will accept behaviourally informed policies.", D.O. Kasdan, Journal of Consumer Policy"Nudges can save lives, but only if people let them. Drawing on surveys from around the world, Sunstein and Reisch find surprising regularities in the policies people support, regularities that generalize across nations and nudges. This book is essential reading for prudent policymakers.", Barbara Ann Mellers, I. George Heyman University Professor, Wharton University of Pennsylvania, USA"The results of carefully collected survey data from several countries inform the design of a convincing "bill of rights" for nudges by government, a list of rights that is also consistent with broadly accepted normative principles. The book is thus an important guide for research and practice going forward.", Jonathan Baron, Professor of Psychology, School of Arts and Sciences, University of Pennsylvania, USATable of ContentsPreface. 1. Why Public Opinion Matters. 2. The United States, 1: Evidence. 3. The United States, 2: Principles. 4. Europe. 5. A Global Consensus? Not Quite. 6. Trusting Nudges. 7. Educative Nudges and Noneducative Nudges. 8. Misconceptions. 9. A Bill of Rights for Nudging. Acknowledgments

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Book SynopsisWhether it's our choice of a new car or what we think about our neighbours, our opinions and attitudes are a way of negotiating the world around us. The Psychology of Influence explores how these preferences and behaviours are influenced and affected by the messages we receive in daily life. From consumer choices to political, lifestyle and financial decisions, the book examines how and why we may be influenced by a range of sources, from written text and television to social media and interpersonal communication.In a field that has fascinated scholars since Plato, the book addresses the key questions across cognitive, social and emotional domains: When do arguments become persuasive? What influence do role models have? What role do simple rules of thumb, social norms or emotions play? Which behaviours are difficult to influence, and why? Covering topics from attraction, prejudice and discriminationTable of ContentsList of figures List of tables List of boxes Preface 1. Influence: definition, history and a model 2. Attitudes and behaviour 3. Persuasion through argumentation 4. Cognitive heuristics 5. Social heuristics 6. Emotions and influence 7. Punishment and reward 8. Automatic influences on attitudes and behaviour 9. Social norms and social comparison 10. Modification of complex behaviour: from intentions to action 11. Back to the future Glossary Index

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Book SynopsisA look at the ubiquitous new business model, the platform, that's taking over the economy and our digital lives. A platform, by definition, creates value by facilitating an exchange between two or more interdependent groups. So, rather that making things, they simply connect people.

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Book SynopsisA comprehensive and accessible textbook that connects the latest research on economic regulation with an examination of how regulation is applied in eight essential service industries. Discussion questions explore current debates, and online materials include over 60 applied exercises based on real-life regulatory problems.Trade Review'This is a fantastic textbook on modern economic regulation that beautifully integrates theory and practice like no other book on the market right now, plus it provides a great coverage of the structure and evolution of institutions in a number of key regulated industries.' Christos Genakos, Cambridge Judge Business School, University of Cambridge'Chris Decker's new book/edition is an invaluable up-to-date analysis and review of the regulation of network industries. It contains a sophisticated treatment of more general or theoretical issues concerning regulation, including the key issue of institutional form, now supplemented by a new chapter on behavioural economics and regulation. The coverage in individual chapters is now expanded beyond the trio of energy, telecoms and water, to include payment systems, aviation and rail, and digital platforms - a huge focus of current regulatory interest. All chapters draw illustrations from the experience of several different countries. Readers can determine how much detail they want to go into, from a more basic understanding to a more granular and up-to-date account of recent developments and directions of change. There is also a very extensive bibliography.' Martin Cave, London School of Economics'Modern Economic Regulation was already the best and most comprehensive economics of regulation text on the market, and now, with the addition of chapters on the regulation of payment systems, digital platforms, railways and aviation, as well as the interaction of behavioural economics and regulation, it is even better! Assign it to your master's and advanced undergraduate students, as I do to mine.' Russell Pittman, Visiting Professor, Kyiv School of Economics and Director of Economic Research, Antitrust Division, US Department of JusticeTable of ContentsList of figures; List of tables; List of boxes; Preface to the second edition; Acknowledgements; List of selected acronyms and abbreviations; 1. Introduction; Part I. 2. The perennial question: why regulate?; 3. Is economic regulation inevitable?; Part II. 4. Principles of regulation for core network activities; 5. Forms of price regulation; 6. Regulation in the presence of competition; 7. Behavioural economics and regulation; Part III. 8. The institutions of regulation; 9. Electricity regulation; 10. Gas regulation; 11. Telecommunications regulation; 12. Payment systems regulation; 13. Digital platforms regulation; 14. Rail regulation; 15. Aviation regulation; 16. Water and wastewater regulation; 17. Conclusions; Cases and legislation; Bibliography; Index.

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