{"title":"Ran Spiegler","description":"\u003cp\u003eDelve into the insightful works of Ran Spiegler, exploring behavioural economics and game theory. Perfect for readers interested in understanding decision-making and strategic thinking in everyday life.\u003c\/p\u003e","products":[{"product_id":"curious-culture-of-economic-theory-book-ran-spiegler-9780262548229","title":"The Curious Culture of Economic Theory","description":"\u003cb\u003eAn essay collection that insightfully explores the professional culture of contemporary economic theory, highlighting key features of successful economic theory from the last quarter century.\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e When is a theoretical result taken seriously enough for economic application? How do theorists actively try to influence this judgment? What determines whether a new theoretical subfield adopts a \"pure\" or an \"applied\" style? How do theorists respond to economists' penchant for \"rational\" explanations of human behavior? These are just some of the questions regarding the professional culture of contemporary economic theory that Ran Spiegler attempts to answer in this incisive essay collection, \u003ci\u003eThe Curious Culture of Economic Theory\u003c\/i\u003e. In exploring these questions, Spiegler addresses the norms that economic theorists apply as they produce, evaluate, and disseminate research.\u003cbr\u003e \u003cbr\u003e Introducing a new genre-a kind of cultural criticism of economic theory-the essays in this unique collection highlight elements of style and rhetoric that characterize classic pieces of economic theory from the last quarter century. For each piece, Spiegler offers a precise yet accessible exposition of modern classics of economic theory while placing them in the broader context of the field's professional culture. Affectionate in its criticism and anthropological in its approach, \u003ci\u003eThe Curious Culture of Economic Theory\u003c\/i\u003e is as valuable a complement to standard textbooks in graduate-level economic theory, game theory, and behavioral economics as it is to the libraries of practicing economic theorists, academic economists, historians of economic thought, and philosophers of economics.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49753926828305,"sku":"NGR9780262548229","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":53481123873041,"sku":"GOR014941717","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0262548224.jpg?v=1751101119"},{"product_id":"bounded-rationality-and-industrial-organization-book-ran-spiegler-9780199334261","title":"Bounded Rationality and Industrial Organization","description":"Conventional economic theory assumes that consumers are fully rational, that they have well-defined preferences and easily understand the market environment. Yet, in fact, consumers may have inconsistent, context-dependent preferences or simply not enough brain-power to evaluate and compare complicated products. Thus the standard model of consumer behavior-which depends on an ideal market in which consumers are boundlessly rational-is called into question. While behavioral economists have for some time confirmed and characterized these inconsistencies, the logical next step is to examine the implications they have in markets.  Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of \"boundedly rational\" consumer behavior and embeds them into familiar models of markets. It then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler analyses phenomena such as exploitative price plans in the credit market, complexity of financial products and other obfuscation practices, consumer antagonism to unexpected price increases, and the role of default options in consumer decision making. Spiegler unifies the relevant literature into three main strands: limited ability to anticipate and control future choices, limited ability to understand complex market environments, and sensitivity to reference points.   Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years. Thus, Bounded Rationality and Industrial Organization offers a welcome and crucial new understanding of market behavior-it challenges conventional wisdom in ways that are interesting and economically significant, and which in the end effect the well-being of all market participants.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51097213468945,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51097214550289,"sku":"NIN9780199334261","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52323461726481,"sku":"NLS9780199334261","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0199334269.jpg?v=1751227249"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-ran-spiegler.oembed","provider":"World of Books ","version":"1.0","type":"link"}