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w16: Behavioural economics II /2548

Topic 3

Lecture handout

w16: Behavioural economics II – basic concepts: judgment [pdf]

References

Camerer, C and Loewenstein, G (2004), Behavioral Economics: Past, Present and Future [pdf], in Camerer, Loewenstein and Rabin (eds) (2004), Advances in Behavioral Economics, New York: Princeton University Press

DellaVigna, S (2009), Psychology and Economics: Evidence from the FieldJournal of Economic Literature, v47 i2 pp315-372

Kahneman, D (2002), Maps of bounded rationality: a perspective on intuitive judgment and choice, Sveriges Riksbank Prize lecture, Dec 8th

Kahneman, D (2012), Thinking, fast and slow, London: Penguin books
[watch Daniel Kahneman talking at Google, discussing the ideas in his book – and see also Eva Lottchen’s visualisation of a similar talk at the Royal Institution. ] See also Kahneman, D (2011), How cognitive illusions blind us to reasonThe Observer, Oct 30th [extract from Thinking, fast and Slow]

McCandless, D (2010), Information is Beautiful, London: Collins

Saini, A (2011), A formula for justiceThe Guardian, Oct 2nd

Tversky, A and Kahneman, D (1974), Judgment under uncertainty: Heuristics and biasesScience, v185 pp1124-1131

Wilkinson, N and Klaes, M (2012), An Introduction to Behavioral Economics (2nd ed), Basingstoke: Palgrave-MacMillan