A Theory of Individual Behavior

A Theory of Individual Behavior

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Description

A Theory of Individual Behavior dispels the notion that individuals act as rational agents and strives to capture idiosyncratic humanness through rigorous mathematics. Wichers describes a version of economic behavior that is more comprehensive and satisfying than neoclassical models yet still consistent with the usual aggregated concepts that form the basis of applied microeconomics. Written in an accessible and convincing style, A Theory of Individual Behavior discusses innovative material in a format that encourages classroom use. All chapters have questions at their conclusions, and there is a strong emphasis on testable results. The book contains a short review of mathematical models and discussion of received microeconomic theory, as well as summaries at the ends of chapters and many examples and illustrations.
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Product details

  • Hardback | 216 pages
  • 157.5 x 228.6 x 22.9mm | 476.28g
  • Academic Press Inc
  • San Diego, United States
  • English
  • 16 b&w illustrations, index
  • 0127484507
  • 9780127484501

Review quote

Dispels the notion that individuals act as rational agents and strives to capture idiosyncratic humanness through rigorous mathematics. Wichers describes a version of economic behavior that is more comprehensive and satisfying than neoclassical models yet consistent with the usual aggregated concepts that form the basis of applied microeconomics. Contains a short review of mathematical models and discussion of received microeconomic theory, as well as summaries and questions at the ends of chapters. --SCITECH BOOK NEWS
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Table of contents

Preliminaries: Mathematical preliminaries; methodological preliminaries; economic preliminaries. Model one: Model one; the short-response function. Model two: Model two; the long-response function.
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