Handbook of Behavioural Economics and Smart Decision-Making - 9781782549574

Handbook of Behavioural Economics and Smart Decision-MakingRational Decision-Making within the Bounds of Reason\nAuthor(s): Morris Altman\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781782549574, 978-1782549574\nSynopsis\nThis Handbook is a unique and original contribution of over thirty chapters on behavioural economics. It examines and addresses an important stream of research where the starting assumption is that decision-makers are, for the most part, relatively smart or rational. This particular approach is in contrast to a theme running though much contemporary work in which individuals' behaviour is deemed irrational, biased and error-prone, often due to how the brain is hardwired. In the smart people or bounded rationality approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking r