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Economic analysis of law --- Microeconomics --- Operational research. Game theory --- Game theory --- Statistical decision --- Negotiation --- Decision making --- Théorie des jeux --- Prise de décision (Statistique) --- Prise de décision --- Mathematical models --- Decision Making --- 330.101 --- 519.83 --- #SBIB:303H64 --- 340.33 --- 330.104 --- 518.5 --- bedrijfsstrategie --- organisaties, gedrag --- speltheorieën --- 330.015193 --- -Decision making --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Bargaining --- Dickering --- Haggling --- Higgling --- Negotiating --- Negotiations --- Discussion --- Psychology, Applied --- Decision problems --- Operations research --- Statistics --- Management science --- Games, Theory of --- Theory of games --- Mathematics --- Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Speltheorie --- Economische analyse van het recht --- Micro-economie --- Operationeel onderzoek. Speltheorie --- Decision making. --- Game theory. --- Statistical decision. --- Mathematical models. --- 519.83 Theory of games --- 330.101 Economische analyse. Economische methodologie. Economische onderzoeksmethoden--(theoretische economie) --- Théorie des jeux --- Prise de décision (Statistique) --- Prise de décision --- Negotiation - Mathematical models

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Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.

Economics --- Psychological aspects.

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One of the central predictions of the life cycle hypothesis is that individuals smooth consumption over their economic life cycle; thus, they save when income is high, in order to provide for when income is likely to be low, such as after retirement. We test this prediction in a group of people--players in the National Football League (NFL)--whose income profile does not just gradually rise then fall, as it does for most workers, but rather has a very large spike lasting only a few years. We collected data on all players drafted by NFL teams from 1996 to 2003. Given the difficulty of directly measuring consumption of NFL players, we test whether they have adequate savings by counting how many retired NFL players file for bankruptcy. Contrary to the life-cycle model predictions, we find that initial bankruptcy filings begin very soon after retirement and continue at a substantial rate through at least the first 12 years of retirement. Moreover, bankruptcy rates are not affected by a player's total earnings or career length. Having played for a long time and been well-paid does not provide much protection against the risk of going bankrupt.

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