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w20: Behavioural economics VII /2548

Topic 3

Lecture handout

w20: Social preferences and fairness (part 2) [pdf]

Main reading

Ariely, D (2009), Predictably irrational – The hidden forces that shape our decisions (revised ed), London: Harper

Bateson, M et al (2006), Cues of being watched enhance cooperation in a real-world settingBiology Letters

* Camerer, C and Loewenstein, G (2004), Behavioral Economics: Past, Present and Future [pdf], in Camerer, Loewenstein and Rabin (eds) (2004), Advances in Behavioral Economics, New York: Princeton University Press

Kahneman, D (2011), Thinking, fast and Slow, London: Penguin books

* Kahneman, D, Knetsch, JL and Thaler, R (1986), Fairness as a constraint on profit seeking: Entitlements in the marketAmerican Economic Review, v76 No 4, Sept pp728-741

Kedmey, D (2014), This Is How Uber’s ‘Surge Pricing’ Works, Time, Dec 15th

* Wilkinson, N and Klaes, M (2012), An Introduction to Behavioral Economics (2nd ed), Basingstoke: Palgrave-MacMillan


Wilson, DS (2016), The Tragedy of the Commons: How Elinor Ostrom Solved One of Life’s Greatest Dilemmas, Evonomics, Oct 29th

Wikipedia entry on Elinor Ostrom and Ostrom’s Nobel Prize information