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The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior - XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages.
Simon, Herbert A. --- Economics --- Economic development. --- Income distribution. --- Industrial efficiency. --- Psychological aspects. --- Katona, George, --- Hayek, Friedrich A. von --- Efficiency, Industrial --- Industrial management --- Distribution of income --- Income inequality --- Inequality of income --- Distribution (Economic theory) --- Disposable income --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Behavioral economics --- Behavioural economics --- Hai-yeh-kʻo, --- Hayek, Friedrich August von, --- Hayek, F. A. von --- Haiekʻŭ, Pʻŭridŭrihi A., --- Khaĭek, F. A., --- Hayek, Frederich August von, --- Von Hayek, Friedrich A. --- Hayeke, --- 哈耶克, F.A. 冯, --- 哈葉克, --- 海耶克, --- Simon, Herbert Alexander, --- Simon, H. A. --- Saimengshi, --- Ximeng, Hebote, --- Ximeng, He'erbote A., --- Saimon, Hābāto A., --- Saimon, H. A., --- Sīmūn, Hirbirt A., --- سيمون، هربرت ا. --- Leibenstein, Harvey.
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Human information processing --- Artificial intelligence --- Problem solving --- Information, Traitement de l', chez l'homme --- Intelligence artificielle --- Résolution de problème --- Simon, Herbert Alexander, --- Artificial Intelligence. --- Mental Processes. --- Problem Solving. --- Executive Function --- Human Information Processing --- Information Processing, Human --- Computational Intelligence --- AI (Artificial Intelligence) --- Computer Reasoning --- Computer Vision Systems --- Knowledge Acquisition (Computer) --- Knowledge Representation (Computer) --- Machine Intelligence --- Acquisition, Knowledge (Computer) --- Computer Vision System --- Intelligence, Artificial --- Intelligence, Computational --- Intelligence, Machine --- Knowledge Representations (Computer) --- Reasoning, Computer --- Representation, Knowledge (Computer) --- System, Computer Vision --- Systems, Computer Vision --- Vision System, Computer --- Vision Systems, Computer --- Heuristics --- Artificial intelligence. --- Human information processing. --- Problem solving. --- Résolution de problème --- Artificial Intelligence --- Mental Processes --- Problem Solving --- Methodology --- Psychology --- Decision making --- Executive functions (Neuropsychology) --- Information processing, Human --- Bionics --- Information theory in psychology --- Perception --- AI (Artificial intelligence) --- Artificial thinking --- Electronic brains --- Intellectronics --- Intelligent machines --- Machine intelligence --- Thinking, Artificial --- Cognitive science --- Digital computer simulation --- Electronic data processing --- Logic machines --- Machine theory --- Self-organizing systems --- Simulation methods --- Fifth generation computers --- Neural computers --- Simon, Herbert A. --- Simon, H. A. --- Saimengshi, --- Ximeng, Hebote, --- Ximeng, He'erbote A., --- Saimon, Hābāto A., --- Saimon, H. A., --- Sīmūn, Hirbirt A., --- سيمون، هربرت ا.
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