In this book, John P. Burkett presents microeconomics as an evolving
science, interacting with mathematics, psychology, and other
disciplines and offering solutions to a growing range of practical
problems. The book shows how early contributors such as Xenophon, Ibn
Khaldun, and David Hume posed the normative and positive questions
central to microeconomics. It expounds constrained optimization
techniques, as developed by economists and mathematicians from Daniel
Bernoulli to Leonid Kantorovich, emphasizing their value in deriving
norms of rational behavior and testable hypotheses about typical
behavior. Applying these techniques, the book introduces partial
equilibrium analysis of particular markets and general equilibrium
analysis of market economies. The book both explains how laboratory
and field experiments are used in testing economic hypotheses and
provides materials for classroom experiments. It gives extensive and
innovative coverage of recent findings in cognitive psychology and
behavioral economics, which not only document behavior inconsistent
with some traditional theories, but also advance positive theories
with superior predictive power.
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Optimization, Experiments, and Behavior
Produktdetaljer
ISBN
9780199924097
Publisert
2025
Utgave
1. utgave
Utgiver
Vendor
Oxford University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter