Deconstructing behavior, choice, and well-being : neoclassical choice theory and welfare economics / Edward R. Morey.
Morey, Edward R., author.
2023
HM495 .M674 2023
Available Online

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Title
Deconstructing behavior, choice, and well-being : neoclassical choice theory and welfare economics / Edward R. Morey.
Author
Morey, Edward R., author.
ISBN
9783031367120 (electronic bk.)
303136712X (electronic bk.)
9783031367113
3031367111
DOI
https://doi.org/10.1007/978-3-031-36712-0
Published
Cham : Palgrave Macmillan, 2023.
Language
English
Description
1 online resource (xxvii, 456 pages) : illustrations (some color)
Item Number
10.1007/978-3-031-36712-0 doi
Call Number
HM495 .M674 2023
Dewey Decimal Classification
302.13
Summary
Neoclassical economists assume that people act to maximize their well-being: they choose based on their desires and only desire what they will like. Neuroscientists and psychologists disagree. Their research demonstrates that cues and evolutionary quirks cause people to act against their best interests, even choosing alternatives they will not like. In this book, Edward R. Morey contrasts neoclassical choice theory with behavioral models and findings in psychology, neuroscience, evolutionary biology, and animal behavior. The book addresses the fundamental idea within economics that behaviors are chosen, and it explains why other disciplines disagree. The chapters touch on modeling behavior, judging behavior, and policies. Morey breaks down judgment using the ethics of welfare economics, and it compares and contrasts this recognized approach with others, including Mill's liberalism, virtue ethics, duty-based ethics, Buddhist ethics, and utilitarianism. Edward R. Morey is a Professor Emeritus at the University of Colorado, Boulder, USA. His research has centered on modeling and estimating individual behavior.
Bibliography, etc. Note
Includes bibliographical references and index.
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Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed November 10, 2023).
Description based on print version record.
Available in Other Form
Deconstructing behavior, choice, and well-being.
Deconstructing behavior, choice, and well-being.
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Introduction
Part I: An ordering of paths, well-being, and economics: how to make you, a chimp, or even a cactus, better off?
Chapter 1: Economicus: assumptions of a neoclassical theory of behavior, and their implications : my take
Chapter 2: Welfare (well-faring) economics as a theory of what is right and wrong : my take
chapter 3: Could economicus be the product of evolution rather than the creation of God?
Chapter 4: Wanting versus liking, and happiness: an electrical/chemical stew
Chapter 5: Does consuming more increase WB? Is getting rich the path to happiness?
Chapter 6: Common quirks, incorrect beliefs, and flawed choosing
Chapter 7: The endowment effect
Chapter 8: Returning to whether all the different kinds of WB are commensurable and whether all the different bearers-of-WB are comparable
Part II: What is a choice? Choice or the illusion of choice?
Chapter 9: How would you define a choice? And the difference between a choice and the experience/sense of making a choice
Chapter 10: The evidence on conscious choice
Part III: Most moral philosophers are not welfare consequentialists, so what are they?
Chapter 11: A primer on welfare economics vs. other ethics
Chapter 12: A bit more on welfare economics, external effects, and interpersonal comparisons of WB
Epilogue: Do you make choices, and if so, has your choosing made you happy?.

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