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Economic Choice Theory: An Experimental Analysis of Animal Behavior by John H. Kagel, Raymond C. Battalio, Leonard Green

Economic Choice Theory: An Experimental Analysis of Animal Behavior

by John H. Kagel , Raymond C. Battalio , Leonard Green
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Book cover type: Paperback
  • ISBN13: 9780521035927
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 248
  • Original Price: GBP 44.0
  • Language: English
  • Edition: Reissue
  • Item Weight: 368 grams
  • BISAC Subject(s): Economics / Macroeconomics

This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics: consumer-demand and labor-supply behavior 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.

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