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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

Fox, J (2015), From “Economic Man” to Behavioral EconomicsHarvard Business Review, May

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

* 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 reason, The Observer, Oct 30th [extract from Thinking, fast and Slow]

Lewis, Michael (2017), The Undoing Project: A Friendship that Changed the World, London: Penguin books

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

* 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

Wikipedia (2019), Dunning-Kruger effect, Wikimedia inc.