Experiments in Economics

Playing fair with money

Business & Finance, Economics, Microeconomics
Cover of the book Experiments in Economics by Ananish Chaudhuri, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ananish Chaudhuri ISBN: 9781134023905
Publisher: Taylor and Francis Publication: November 19, 2008
Imprint: Routledge Language: English
Author: Ananish Chaudhuri
ISBN: 9781134023905
Publisher: Taylor and Francis
Publication: November 19, 2008
Imprint: Routledge
Language: English

Are humans fair by nature? Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? Does this natural inclination towards fairness or trust have implications in the market-place? Traditional economic theory would perhaps think not, perceiving human interaction as self-interested at heart. There is increasing evidence however that social norms and norm-driven behaviour such as a preference for fairness, generosity or trust have serious implications for economics. This book provides an easily accessible overview of economic experiments, specifically those that explore the role of fairness, generosity, trust and reciprocity in economic transactions.

Ananish Chaudhuri approaches a variety of economic issues and problems including:

  • Pricing by firms
  • Writing labour contracts between parties
  • Marking voluntary contributions to charity,
  • Addressing issues of environmental pollution,
  • Providing micro-credit to small entrepreneurs,
  • Resolving problems of coordination failure in organizations.

The book discusses how norm-driven behaviour can often lead to significantly different outcomes than those predicted by economic theories and these findings should in turn cause us to re-think how we approach economic analysis and policy.

Assuming no prior knowledge of economics and containing a variety of examples, this reader friendly volume will be perfect reading for people from a wide range of backgrounds including students and policy-makers. The book should appeal to economics undergraduates studying experimental economics, microeconomics or game theory as well as students in social psychology, organizational behaviour, management and other business related disciplines.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Are humans fair by nature? Why do we often willingly trust strangers or cooperate with them even if those actions leave us vulnerable to exploitation? Does this natural inclination towards fairness or trust have implications in the market-place? Traditional economic theory would perhaps think not, perceiving human interaction as self-interested at heart. There is increasing evidence however that social norms and norm-driven behaviour such as a preference for fairness, generosity or trust have serious implications for economics. This book provides an easily accessible overview of economic experiments, specifically those that explore the role of fairness, generosity, trust and reciprocity in economic transactions.

Ananish Chaudhuri approaches a variety of economic issues and problems including:

The book discusses how norm-driven behaviour can often lead to significantly different outcomes than those predicted by economic theories and these findings should in turn cause us to re-think how we approach economic analysis and policy.

Assuming no prior knowledge of economics and containing a variety of examples, this reader friendly volume will be perfect reading for people from a wide range of backgrounds including students and policy-makers. The book should appeal to economics undergraduates studying experimental economics, microeconomics or game theory as well as students in social psychology, organizational behaviour, management and other business related disciplines.

More books from Taylor and Francis

Cover of the book Working in China by Ananish Chaudhuri
Cover of the book Music, Sound and Filmmakers by Ananish Chaudhuri
Cover of the book Community-Based Programs and Policies by Ananish Chaudhuri
Cover of the book The Mid-Twentieth-Century Concert Pianist by Ananish Chaudhuri
Cover of the book Radical Reforms by Ananish Chaudhuri
Cover of the book The Rise of the Indian Navy by Ananish Chaudhuri
Cover of the book After 9/11 by Ananish Chaudhuri
Cover of the book Dynamic Psychotherapy Explained by Ananish Chaudhuri
Cover of the book Cosmopolitanism and Translation by Ananish Chaudhuri
Cover of the book Fifty Key Anthropologists by Ananish Chaudhuri
Cover of the book Decolonizing Global Mental Health by Ananish Chaudhuri
Cover of the book Philosophy in the Time of Economic Crisis by Ananish Chaudhuri
Cover of the book Aesthetic Hybridity in Mughal Painting, 1526-1658 by Ananish Chaudhuri
Cover of the book International Migration Research by Ananish Chaudhuri
Cover of the book The Therapeutic Process, the Self, and Female Psychology by Ananish Chaudhuri
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy