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Economic Choice Theory
An Experimental Analysis of Animal Behavior

$38.00 USD

  • Date Published: April 2011
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9780511834462

$ 38.00 USD
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About the Authors
  • This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics-consumer-demand and labour supply behaviour 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. Results of animal experiments are used to address questions of social policy importance.

    • A highly topical subject
    • Outlines an alternative approach
    • Well-known and respected authors
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    Product details

    • Date Published: April 2011
    • format: Adobe eBook Reader
    • isbn: 9780511834462
    • contains: 39 b/w illus. 28 tables
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Preface
    1. Introduction
    2. Commodity-choice behaviour I: some initial tests of the theory
    3. Commodity-choice behaviour II: tests of competing motivational processes and the representative consumer hypothesis
    4. Labour-supply behaviour I: initial tests of the theory with some public policy implications
    5. Labour-supply behaviour II: tests of competing motivational processes and earnings distributions for animal workers
    6. Choices over uncertain outcomes
    7. Intertemporal choice
    8. Summing up
    Bibliography
    Index.

  • Authors

    John H. Kagel, University of Pittsburgh

    Raymond C. Battalio, Texas A & M University

    Leonard Green, Washington University, St Louis

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