scholarly journals EVOLUTION OF BEHAVIORAL ECONOMIC THEORY

2018 ◽  
Vol 12 (1) ◽  
pp. 23-27
Author(s):  
Irina Rezanovich ◽  
Evgeniy Rezanovich ◽  
Alevtina Keller ◽  
Irina Savelieva
Keyword(s):  
Economic Theory ◽  
Behavioral Economic ◽  
Behavioral Economic Theory

scholarly journals DISAPPOINTMENT AVERSION PREMIUM PRINCIPLE

2015 ◽  
Vol 45 (3) ◽  
pp. 679-702 ◽  
Author(s):  
Ka Chun Cheung ◽  
Wing Fung Chong ◽  
Robert Elliott ◽  
Sheung Chi Phillip Yam
Keyword(s):  
Economic Theory ◽  
Expected Utility ◽  
Translation Invariance ◽  
Regulatory Requirement ◽  
Behavioral Economic ◽  
Disappointment Aversion ◽  
Explicit Representations ◽  
Behavioral Economic Theory

AbstractIn recent years, the determination of premium principle under various non-expected utility frameworks has become popular, such as the pioneer works by Tsanakas and Desli (2003) and Kaluszka and Krzeszowiec (2012). We here revisit the problem under another prevalent behavioral economic theory, namely the Disappointment Aversion (DA) Theory proposed by Gul (1991). In this article, we define and study the properties of theDA premium principle, which builds on the equivalent utility premium principle. We derive various properties of this premium principle, such as non-negative and no unjustified risk loading, translation invariance, monotonicity, convexity, positive (non-)homogeneity, independent (non-)additivity, comonotonic (non-)additivity and monotonicity with respect to the extent of disappointment. A generalized Arrow–Pratt approximation is also established. Explicit representations of the premium principle are obtained for linear and exponential utilities, and they reveal that the premium principle proposed echoes the capital reserve regulatory requirement in practice.

scholarly journals Feasibility of implementing a behavioral economics mobile health platform for individuals with behavioral health conditions

2021 ◽  
Vol 11 (3) ◽  
pp. 505-510
Author(s):  
Barry Granek ◽  
Aja Evans ◽  
Jorge Petit ◽  
Mary Crawford James ◽  
Yixuan (Matt) Ma ◽  
...  
Keyword(s):  
Economic Theory ◽  
Behavioral Economics ◽  
Behavioral Health ◽  
Mobile Technology ◽  
Mobile Health ◽  
Financial Incentives ◽  
Health Conditions ◽  
Health Habits ◽  
Behavioral Economic ◽  
Behavioral Economic Theory

AbstractCoordinated Behavioral Care’s (CBC) Pathway Home™ (PH) program partnered with Wellth, Inc., a mobile health platform grounded in behavioral economics theory, to help individuals with behavioral health conditions build and reinforce health habits by providing daily reminders to take medication, requiring tasks (photos demonstrating remembrance), and providing financial incentives tied to behaviors. CBC made Wellth, Inc. available to individuals enrolling in its PH program for the purpose of demonstrating the feasibility of implementing a novel mobile technology grounded in behavioral economic theory to increase habits of health activities, such as taking medication, among adults with behavioral health conditions.

scholarly journals Using behavioral economic theory to increase use of effective contraceptives among opioid-maintained women at risk of unintended pregnancy

2016 ◽  
Vol 92 ◽  
pp. 62-67 ◽  
Author(s):  
Sarah H. Heil ◽  
Dennis J. Hand ◽  
Stacey C. Sigmon ◽  
Gary J. Badger ◽  
Marjorie C. Meyer ◽  
...  
Keyword(s):  
At Risk ◽  
Economic Theory ◽  
Unintended Pregnancy ◽  
Behavioral Economic ◽  
Behavioral Economic Theory

scholarly journals Behavioral Economic Theory: a Methodological Breakthrough or Extension of the Boundaries of Dominant Orthodoxy?

2019 ◽  
pp. 28-33
Author(s):  
O. Nesterenko ◽  
M. Zdvizova
Keyword(s):  
Economic Theory ◽  
Interdisciplinary Approach ◽  
Economic Behavior ◽  
Behavioral Approach ◽  
Ordinary People ◽  
Economic Study ◽  
Behavioral Economic ◽  
Modern Economic ◽  
Definition Of ◽  
Behavioral Economic Theory

The article is devoted to the analysis of the place of behavioral approach in the structure of modern economic study. The evolution of views on the essence of economic behavior of individuals is desc ribed and the peculiarities of approaches to its definition of different economic schools are analyzed. The comparative analysis of behavioral and neoclassical approaches is presented; the peculiarity of the used method is the presentation of the neoclassical direction not in the aggregate, but as two main branches – cardinal and ordinal, which allowed for a more detailed analysis. The analysis revealed differences and some similarity of these directions of research. According to the findings, it is concluded that the behavioral approach is not the complete opposite of the neoclassical, but has a significant number of features close to the ideas of ordinary people, so it can be considered as a natural continuation of established ideas deepened through the use of an interdisciplinary approach. The article also outlines possible options for the development of neoclassical and behavioral approaches and the current issues for further research.

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