Bounded Rationality and Public Policy A Perspective from Behavioural Economics /

• Main Author: Munro, Alistair. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Dordrecht : Springer Netherlands, 2009.
• Series: The Economics of Non-Market Goods and Resources, 12
• Subjects: Economics.; Economic policy.; Finance.; Social policy.; Environmental economics.; Economics/Management Science.; Social Policy.; Economic Theory.; Economic Policy.; Environmental Economics.; Public Finance & Economics.; Economics general.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1023/b99496

The economists advice to society rests largely on a picture of citizens as infinitely rational beings, shrewd, calculating and above all consistent in their behaviour. But as the last thirty years of economic experiments and field work has revealed, humans are far from perfectly consistent. On the...

Table of Contents:

• Preface
• 1. Introduction
• 2. Anomalies
• 3. Information, Learning and Markets
• 4. Markets and Reference Dependent Preferences
• 5. Welfare
• 6. Public Policy and Bounded Rationality
• 7. Standard Fiscal Policy and Merit Wants
• 8. Agency and Dependency
• 9. Tax Policy
• 10. Framing Matters: Non-standard Fiscal Policy
• 11. Stated Preference and Non-Market Decisions
• References
• Index.