Using K-Pop to Teach Indifference Curve Analysis, Behavioral Economics and Game Theory

The aim of this article is to investigate the connection between behavioral economy and migration processes. Behavioral economics is a relatively new phenomenon in science and the fact that some research in this area has earned the Nobel Prize makes its contribution significant in the consideration of economic processes. The analysis of sources shows that in the field of Russian studies there is practically no mention of the fact that migration behavior can be explained by the behavioral economics theses. In this article, we explore several key ideas in this area: nudge theory, prospect theory, evolutionary game theory, cognitive distortion, and hedonistic adaptation. In this article, we put forward a hypothesis that migration processes can not only be explained from the standpoint of behavioral economics but can also be regulated using the tools of this direction. Behavioral economics can be the key for discovering the dynamics and true motives of migration. The analysis of information in this area shows, that a person makes decisions mainly based not on the laws of logic and rationalism. Paradoxes such as cognitive biases, etc. reduce the effectiveness of an individual's actions and provide an incentive for the scientific community to expand the number of empirical studies of migration processes within the framework of behavioral economics theories.

An Examination of Selfish and Selfless Motives

Research Anthology on Rehabilitation Practices and Therapy ◽

10.4018/978-1-7998-3432-8.ch096 ◽

2021 ◽

pp. 1897-1913

Author(s):

Gabriela Carrasco ◽

Eric Kinnamon

Keyword(s):

Social Psychology ◽

Game Theory ◽

Behavioral Economics ◽

Empirical Research ◽

Process Model ◽

Dual Process ◽

Dual Process Model ◽

Factors Associated ◽

Psychology Literature

Current behavioral economics/game theory and social psychology literature have been captivated by the idea of altruism and egoism. In large part, these two disciplines have tried to determine the foundation of selfish and selfless behavior, without much result. The current chapter examines the root issues associated with this inquiry and argues for a shift in attention towards factors associated with cooperation. As such, empirical research from both disciplines is presented to show the advancements in relation to identification of these factors. Additionally, the authors offer a possible solution to the fractured literature in the form Weber, Kopelman, and Messick's (2004) dual process model in an effort to merge findings from both disciplines in an attempt progress this line of research.

Game theory and behavioral economics

Parks and Recreation and Economics ◽

10.4324/9781003094906-10 ◽

2021 ◽

pp. 73-80

Author(s):

Jadrian Wooten

Keyword(s):

Game Theory ◽

Behavioral Economics

An Examination of Selfish and Selfless Motives

Applied Behavioral Economics Research and Trends - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-5225-1826-6.ch006 ◽

2017 ◽

pp. 93-109

Author(s):

Gabriela Carrasco ◽

Eric Kinnamon

Keyword(s):

Social Psychology ◽

Game Theory ◽

Behavioral Economics ◽

Empirical Research ◽

Process Model ◽

Dual Process ◽

Dual Process Model ◽

Factors Associated ◽

Psychology Literature

Current behavioral economics/game theory and social psychology literature have been captivated by the idea of altruism and egoism. In large part, these two disciplines have tried to determine the foundation of selfish and selfless behavior, without much result. The current chapter examines the root issues associated with this inquiry and argues for a shift in attention towards factors associated with cooperation. As such, empirical research from both disciplines is presented to show the advancements in relation to identification of these factors. Additionally, the authors offer a possible solution to the fractured literature in the form Weber, Kopelman, and Messick's (2004) dual process model in an effort to merge findings from both disciplines in an attempt progress this line of research.

Personality, Relationships, and Decision Making with Relational Dynamics

International Journal of Applied Behavioral Economics ◽

10.4018/ijabe.2015100104 ◽

2015 ◽

Vol 4 (4) ◽

pp. 52-74 ◽

Cited By ~ 1

Author(s):

David S. Bathory

Keyword(s):

Game Theory ◽

Decision Making ◽

Behavioral Economics ◽

Personality Disorders ◽

Economic Model ◽

Economic Models ◽

Relational Dynamics ◽

Dsm V ◽

Human Decision ◽

Variable Probability

Within the field of Economics there is great interest in predicting the future. In creating Economic Models the rationale has been to create fixed equations that can account for all variables associated with the issues of capital, labor, wages, prices, tariffs and taxes but few models explored the human variable. Probability Statistics bases decision making models upon mathematical predictions. Game Theory is an economic model that begins to explain the rationale of human decision making, but fails to account for flawed thinking and pathology. Relational Dynamics attempts to provide a means of understanding the strategies used in communication and decision making. Within humanity, not all decisions are made rationally and to account for illogical choices, psychology has provided theories of pathology to explain human idiosyncrasies. This paper will explore personality disorders as described by the DSM V and Relational Dynamics in an attempt to understand how pathology influences relationships, decision making and behavioral economics.

The Oxford Handbook of Philosophy of Economics

10.1093/oxfordhb/9780195189254.001.0001 ◽

2009 ◽

Cited By ~ 17

Keyword(s):

Data Mining ◽

Game Theory ◽

General Equilibrium ◽

Behavioral Economics ◽

Experimental Economics ◽

Well Being ◽

Computational Economics ◽

Growth Theory ◽

General Equilibrium Theory ◽

Philosophy Of Economics

The Oxford Handbook of Philosophy of Economics is a reference work on philosophical issues in the practice of economics. It is motivated by the view that there is more to economics than general equilibrium theory, and that the philosophy of economics should reflect the diversity of activities and topics that currently occupy economists. Contributions in the book are thus closely tied to on-going theoretical and empirical concerns in economics. Contributors include both philosophers of science and economists. Articles fall into three general categories: received views in philosophy of economics, on-going controversies in microeconomics, and issues in modeling, macroeconomics, and development. Specific topics include methodology, game theory, experimental economics, behavioral economics, neuroeconomics, computational economics, data mining, interpersonal comparisons of utility, measurement of welfare and well-being, growth theory and development, and microfoundations of macroeconomics.

The attack and defense mechanisms: Perspectives from behavioral economics and game theory

Behavioral and Brain Sciences ◽

10.1017/s0140525x19000815 ◽

2019 ◽

Vol 42 ◽

Cited By ~ 2

Author(s):

Subhasish M. Chowdhury

Keyword(s):

Game Theory ◽

Behavioral Economics ◽

Defense Mechanisms ◽

Relevant Literature ◽

Experimental Designs ◽

Neuroscience Research ◽

Attack And Defense ◽

Economics Research

Abstract This commentary complements the article by De Dreu and Gross (2019) from the perspectives of behavioral economics and game theory. It aims to provide a bridge between psychology/neuroscience research and economics research in attack-and-defense by stipulating relevant literature, clarifying theoretical structures, and suggesting improvements in experimental designs and possible further investigations.

Beautiful Game Theory

10.23943/princeton/9780691144023.001.0001 ◽

2014 ◽

Cited By ~ 2

Author(s):

Ignacio Palacios-Huerta

Keyword(s):

Game Theory ◽

Behavioral Economics ◽

Human Behavior ◽

Data Sets ◽

Economic Approach ◽

Mixed Strategies ◽

Economic Theories ◽

Rich Data ◽

Insight Into ◽

Shed Light

A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports, including soccer. This book uses soccer to test economic theories and document novel human behavior, thus illuminating economics through the world's most popular sport. The book offers unique and often startling insights into game theory and microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. It also looks at finance, experimental economics, behavioral economics, and neuroeconomics. The book provides rich data sets and environments that shed light on universal economic principles in interesting and useful ways. It is essential reading for students, researchers, and sports enthusiasts as it shows what soccer can do for economics.

Look how far we have come

Journal of Institutional Economics ◽

10.1017/s1744137411000191 ◽

2011 ◽

Vol 7 (4) ◽

pp. 517-522 ◽

Cited By ~ 3

Author(s):

CHRISTOPHER CLAGUE

Keyword(s):

Game Theory ◽

Behavioral Economics ◽

Current Literature ◽

Field Experiments ◽

Recent Literature ◽

Behavioral Models ◽

Poor Countries ◽

Professional Journals ◽

Experimental Subjects ◽

Better Than

Abstract:Economics has changed enormously since Professor Ha-Joon Chang burst onto the scene in the early 1990s. His critiques of mainstream economics are far more applicable to the discipline at that time than they are now. Whatever the shortcomings of the current literature on institutions and development, progress is not being held back by conceptual blinders imposed by economic orthodoxy. Game theory and behavioral economics have enriched the menu of models acceptable in the professional journals. More important, empirical standards have greatly advanced. Behavioral models are being confronted with computerized games and even with in-the-field experiments, especially in poor countries where recruiting experimental subjects is cheaper. The recent literature does not merely undermine traditional assumptions; it offers parsimonious interpretations that help us to understand the economy and the polity better than before.