The aim of this thesis is to investigate the core aspects of Classical Behavioural Economics (henceforth, CBE), pioneered by Herbert Simon. In this endeavor, firstly, I will attempt to contrast Classical Behavioural Economics from Modern Behavioral Economics (henceforth, MBE). Secondly, I undertake a detailed investigation of the underpinnings of the core pillars of Classical Behavioral Economi...

It can be argued that the main thinking in transport planning and policy making stem from neoclassical economics in which individuals are largely assumed to make rational, consistent, and efficient choices, and apply cognitive processes of decision making that maximise their economic utility. Research in behavioural sciences indicates that individuals’ choices in a wide range of contexts deviat...

© Springer International Publishing Switzerland 2015 K. Mathis (ed.), European Perspectives on Behavioural Law and Economics, Economic Analysis of Law in European Legal Scholarship 2, DOI 10.1007/978-3-319-11635-8_2 A. Tor () The Law School, University of Notre Dame, Eck Hall of Law 3163, Notre Dame, IN 46556-0780, USA e-mail: [email protected] Abstract The paper examines some of the important tasks...

As a behavioural economist (an economist who brings psychological insights to bear on economic phenomena), preparing a controversy corner piece criticising experimental economics (the use of experimentation to address economic questions) is like working yourself up to enter the boxing ring against a friend. Experimental economics and behavioural economics have much in common. Both groups can tr...