Economic Choice Theory
An Experimental Analysis of Animal Behavior
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Economic Choice Theory by John H. Kagel
Book DescriptionThis book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics-consumer-demand and labour supply behaviour and choice under uncertainty. The use of laboratory animals provides the opportunity to conduct controlled experiments involving precise and demanding tests of economic theory with rewards and punishments of real consequence. Economic models are compared to psychological and biological choice models along with the results of experiments testing between these competing explanations. Results of animal experiments are used to address questions of social policy importance.
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Book DetailsISBN: 9780521454889
(228mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 27-Jan-1995
Country of Publication: United Kingdom
Books By Author John H. Kagel
Economic Choice Theory, Paperback (March 2007)
This book describes the authors' research program using laboratory animals to investigate individual choice theory in economics.
Common Value Auctions and the Winner's Curse, Hardback (July 2002)» View all books by John H. Kagel
Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. Complementing their own research with papers written with other specialists, the authors provide a focus on common value auctions and the 'winner's curse.'
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