Economic choice theory
an experimental analysis of animal behavior
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Author
Contributions
- Battalio, Raymond Charles. - Contributor
- Green, Leonard. - Contributor
Publication
1995 - Cambridge University Press, Cambridge [England], England
Language
English
Word Count
57,500 words, Guess
Page Count
230 pages
Identifiers
- Open LibraryOL1076839M
- ISBN-100521454883
- OCLC Control Number29670059
- Library of Congress Control Number94000004
- Goodreads4695889
Classifications
- DDC339.4/7
- LCCHB801 .K28 1995
Description
This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics, particularly 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 with 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 importance related to social policy. A number of new experimental results are reported along with summaries of the authors' previously published studies and related research.
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