Titlebook: Behavioral Economics; Toward a New Economi Masao Ogaki,Saori C. Tanaka Textbook 2017 Springer Nature Singapore Pte Ltd. 2017 behavioral eco

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Intertemporal Behavior limitations. Then we introduce the hyperbolic time discounting model in behavioral economics. The hyperbolic discounting model can explain why some people tend to procrastinate on doing unpleasant tasks such as saving instead of consuming, doing homework, or quitting smoking.

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Normative Behavioral Economicsdea of nudging people in better directions without forcing them. In order to evaluate resource allocation to judge how this nudge tool and other public policies should be used when preferences are endogenous, relying exclusively on welfarism may not be satisfactory in many cases because some prefere

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https://doi.org/10.1007/978-1-4757-3019-7s work when humans make decisions. One of the aims of neuroeconomics is to develop an economic theory that can explain real human behavior including individual preference in economic behavior based on the brain mechanism.

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https://doi.org/10.1007/978-94-011-0647-4 limitations. Then we introduce the hyperbolic time discounting model in behavioral economics. The hyperbolic discounting model can explain why some people tend to procrastinate on doing unpleasant tasks such as saving instead of consuming, doing homework, or quitting smoking.