The role of destabilizing expectations in the 2000–2001 Turkish crisis: a behavioural economics complement to the financial fragility hypothesis

2020 ◽  
pp. 137-151
Author(s):  
Mathieu Dufour
Keyword(s):  
Behavioural Economics ◽  
Financial Fragility

Maps of Behavioural Economics: Evidence from the Field

2020 ◽  
pp. 026010792092567
Author(s):  
Snorre Sylvester Frid-Nielsen ◽  
Mads Dagnis Jensen
Keyword(s):  
Harvard University ◽  
Behavioural Economics ◽  
University Of California ◽  
University Of Pennsylvania ◽  
Anglo Saxon ◽  
Data Set ◽  
The Past ◽  
Key Concepts ◽  
Interdisciplinary Nature

Behavioural economics is a research agenda, which gradually has moved from the periphery to the centre of the discipline of economics. The rise of behavioural economics has fostered a burgeoning number of studies dealing with the past, present and future of the field. In contrast to these studies which focus on predestinated scholars, outlets and key concepts, this article uses exploratory bibliometric approaches to map behavioural economics. Utilising a novel data set, comprising 104,558 references across 1,872 articles published in the period 1956–2016, the article systematically illuminates the historical foundations, development and interdisciplinary nature of behavioural economics. The article shows (a) the overlooked role of several behavioural psychologists in shaping the field; (b) the influence of the Anglo-Saxon universities, such as University of California Berkeley, Harvard University and University of Pennsylvania; and that (c) behavioural economics mainly draws knowledge from five disciplinary clusters: (a) economics and policy, (b) psychology, (c) pharmacology, (d) health and (e) law.

scholarly journals Heterogeneous Firms and International Trade: The Role of Productivity and Financial Fragility

2016 ◽  
Author(s):  
Tiziana Assenza ◽  
Domenico Delli Gatti ◽  
Jakob Grazzini ◽  
Giorgio Ricchiuti
Keyword(s):  
International Trade ◽  
Heterogeneous Firms ◽  
Financial Fragility

Understanding Decision Making in the Adoption of Digital Health Technology: The Role of Behavioural Economics’ Prospect Theory (Preprint)

2021 ◽  
Author(s):  
Waqas Ullah Khan ◽  
Aviv Shachak ◽  
Emily Seto
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Digital Health ◽  
Health Technology ◽  
Behavioural Economics ◽  
Individual Level ◽  
Health Technologies ◽  
Research Article ◽  
The Individual

UNSTRUCTURED The decision to accept or reject new digital health technologies remains an ongoing discussion. Over the past few decades, interest in understanding the choice to adopt technology has led to the development of numerous theories and models. In 1979, however, psychologists Kahneman and Tversky published their seminal research article that has pioneered the field of behavioural economics. They named their model the “prospect theory” and used it to explain decision making behaviours under conditions of risk and uncertainty as well as to provide an understanding of why individuals may make irrational or inconsistent decisions. Although the prospect theory has been used to explain decision making in economics, law, political science, and clinically at the individual level, its application to understanding choice in the adoption of digital health technology has not been explored.

Financial Fragility and Crisis Union in the Asia-Pacific Region

2009 ◽  
Vol 9 (2) ◽  
pp. 1850165 ◽  
Author(s):  
Frank Strobel
Keyword(s):  
Financial Crisis ◽  
Decision Problem ◽  
Asia Pacific ◽  
Financial Fragility ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Financial Systems ◽  
The Common ◽  
Common Perception

We examine whether core ASEAN+3 countries might be interested in joining a financial "crisis union," allowing for the role of uncertainty by constructing a stylized real options model of the decision problem involved. We calibrate that model by proxying financial fragility with commonly used bank asset ratios and observe that, according to our criteria, a wider financial crisis union might be more attainable the more encompassing that grouping is; however, our results also reinforce the common perception of pervasive, possibly prohibitive, heterogeneity in these countries' banking and financial systems.

Understanding Decision Making in the Adoption of Digital Health Technology: The Role of Behavioural Economics’ Prospect Theory (Preprint)

2021 ◽  
Author(s):  
Waqas Ullah Khan ◽  
Aviv Shachak ◽  
Emily Seto
Keyword(s):  
Decision Making ◽  
Prospect Theory ◽  
Digital Health ◽  
Health Technology ◽  
Behavioural Economics ◽  
Valuable Insight ◽  
Individual Level ◽  
Health Technologies ◽  
The Individual

UNSTRUCTURED The decision to accept or reject new digital health technologies remains an ongoing discussion. Over the past few decades, interest in understanding the choice to adopt technology has led to the development of numerous theories and models. In 1979, however, psychologists Kahneman and Tversky published their seminal research article that has pioneered the field of behavioural economics. They named their model the “prospect theory” and used it to explain decision making behaviours under conditions of risk and uncertainty as well as to provide an understanding of why individuals may make irrational or inconsistent decisions. Although the prospect theory has been used to explain decision making in economics, law, political science, and clinically at the individual level, its application to understanding choice in the adoption of digital health technology has not been explored. Herein, we discuss how the prospect theory can provide valuable insight on why healthcare patients/clients, technology companies, and policymakers may decide to accept or reject digital health technologies.

The jury is out – Can the HR managers be the choice architects in a post-pandemic work setting?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Subhashis Sinha ◽  
Nikunj Kumar Jain
Keyword(s):  
Behavioural Economics ◽  
Working Environment ◽  
Choice Architecture ◽  
Content Type ◽  
Safe Place ◽  
Qualitative Research Methodology ◽  
Hr Managers ◽  
Practical Implications ◽  
Safe Working

PurposeThe purpose of this paper is to explore the role of HR managers as choice architects to increase the communication efforts for vaccination drives, thereby making the workplace a safe place for all employees.Design/methodology/approachThis study used qualitative research methodology and interviewed 10 HR managers.FindingsThe findings indicate that HR managers can use the nudge theory and choice architecture to encourage employees towards coronavirus disease 2019 (COVID-19) vaccination.Practical implicationsHR professionals will get an alternate perspective regarding how learnings from behavioural economics can be leveraged in a post-pandemic world which can help them create a safe working environment.Originality/valueThis paper is an attempt to explore how learnings from behavioural economics (that is, nudge theory and choice architecture) can be leveraged by HR managers to design default options while organizing COVID-19 vaccination camps to motivate employees to get fully vaccinated and hence creating a safe working environment.

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