Exotic Preferences

Paperback | July 15, 2008

byGeorge Loewenstein

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George Loewenstein is one of the pioneers of the rapidly growing field of behavioural economics. For over twenty years he has been working at the intersection of economics and psychology and is one of the few people of whom it can be said that their work is equally respected and well knownwithin both disciplines. This book brings together a selection of his papers focussing on what he calls "exotic preferences"-- the disparate motives that drive human behaviour. In addition to covering the history and methodology of behavioural economics, they also touch on a wide range offascinating topics such as the motives that drive extreme athletes, our propensity to want to get unpleasant experiences out of the way so we can focus on the more pleasant, and the psychology of curiosity. There are also papers on social preferences, discussing the importance of perceptions offairness in interpersonal interactions, intertemporal choice-- the tradeoffs between costs and benefits occurring at different points in time-- and the impact of emotion on economic decision making. An original introduction outlines Loewenstein's general approach to research, and there are shortintroductions to each paper outlining briefly when, how and why they came to be written, providing a fascinating and vivid insight into the process of intellectual creativity.

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George Loewenstein is one of the pioneers of the rapidly growing field of behavioural economics. For over twenty years he has been working at the intersection of economics and psychology and is one of the few people of whom it can be said that their work is equally respected and well knownwithin both disciplines. This book brings toget...

George Loewenstein, one of the founders of the field of behavioural economics and of the new field of neuroeconomics, is the Herbert A. Simon Professor of Economics and Psychology at Carnegie Mellon University. He received his PhD in economics from Yale University in 1985 and since then has held academic positions at the University ...

other books by George Loewenstein

Advances in Behavioral Economics
Advances in Behavioral Economics

Kobo ebook|Dec 12 2011

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Format:PaperbackDimensions:528 pages, 9.21 × 6.14 × 1.5 inPublished:July 15, 2008Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199257086

ISBN - 13:9780199257089

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Table of Contents

George Loewenstein: IntroductionGeneral Perspectives, History, and Methods1. George Loewenstein: Because it is There: The Challenge of Mountaineering...for Utility Theory2. George Loewenstein, Niklas Karlsson, and Jane McCafferty: The Economics of Meaning3. George Loewenstein: The Fall and Rise of Psychological Explanations in the Economics of Intertemporal Choice4. George Loewenstein, Nava Ashraf, and Colin F. Camerer: Adam Smith, Behavioral Economist5. George Loewenstein: Experimental Economics from the Vantage-point of Behavioral Economics6. George Loewenstein: The Psychology of Curiosity: A Review and ReinterpretationSocial Preferences7. George Loewenstein, Max H. Bazerman, and Leigh Thompson: Social Utility and Decision Making in Interpersonal Contexts8. George Loewenstein and Linda Babcock: Explaining the Bargaining Impasse: The Role of Self-Serving BiasesBasic Research on Preferences9. George Loewenstein, Max H. Bazerman, Sally Blount, and Christopher K. Hsee: Preference Reversals Between Joint and Seperate Evaluations of Options: A Review and Theoretical Analysis10. George Loewenstein, Dan Ariely, and Drazen Prelec: "Coherent Arbitrariness": Stable Demand Curves Without Staple PreferencesPredicting Tastes and Feelings11. George Loewenstein and Daniel Adler: A Bias in the Prediction of Tastes12. George Loewenstein, Leaf Van Boven, and David Dunning: Mispredicting the Endowment Effect: Understimation of owners' selling prices by buyer's agents13. George Loewenstein, Ted O'Donoghue, and Matthew Rabin: Projection Bias in Predicting Future UtilityIntertemporal Choice14. George Loewenstein: Anticipation and the Valuation of Delayed Consumption15. George Loewenstein and Drazen Prelec: Anomalies in Intertemporal Choice: Evidence and an Interpretation16. George Loewenstein and Drazen Prelec: Preferences for Sequences of Outcomes17. George Loewenstein and Drazen Prelec: The Red and the Black: Mental Accounting of Savings and DebtEmotions18. George Loewenstein: Out of Control: Visceral Influences on Behavior19. George Loewenstein, Christopher K. Hsee, Elke U. Weber, and Ned Welch: Risk as Feelings20. George Loewenstein, Baba Shiv, Antoine Bechara, Hanna Damasio, and Antonio Damasio: Investment Behavior and the Dark Side of Emotion21. George Loewenstein, Jennifer Lerner, and Deborah Small: Heart Strings and Purse Strings: Carryover Effects of Emotions on Economic Decisions22. George Loewenstein, Jonathan D. Cohen, David I. Laibson, and Samuel M. McClure: Separate Neural Systems Value Immediate and Delayed Monetary Rewards