Books on behavioral and experimental economics

At Geary Behavioural Economics Blog @LiamDelaneyUCD is looking for books on behavioral economics. Given my interest in the field, I would like to add a few books. I add a few on experimental economics, too, as both fields are close relatives.

First, let’s see what he already has on his list:

  • “Judgement Under Uncertainty: Heurisics and Biases” edited by Kahnemann, Slovic, and Tverky
  • “Choices, Values, and Frames” edited by Daniel Kahneman and Amos Tversky
  • “Heuristics and Biases: The Psychology of Intuitive Judgement.” edited by Thomas Gilovich, Dale Griffin, and Daniel Kahneman

These three books were indeed among the first books on behavioral economics that I bought myself at the beginning of my PhD. They are good collections of a number of great papers.

Next came:

  • “Advances in Behavioural Economics” edited by Camerer, Loewenstein, and Rabin
  • Camerer’s “Behavioral Game Theory”
  • “Exotic Preferences” by Lowenstein which really is (I have to agree) a great overview of his work on preference formation, emotion and decision making

Just before I moved to Bremen and joined Jacobs University the following two books gained a place on my book shelf

I have not read so far

  • Frey and Stutzer’s “Economics and Psychology: A Promising New Cross-Disciplinary Field”
  • Peter Lunn’s recent book “Basic Instincts: Human Nature and the New Economics”

On the pop-economics front @LiamDelaneyUCD lists

And in the comments are a number of books mentioned that I have not read so far:

  • William Poundstone’s “Priceless”
  • Ori and Rom Brafman, Sway: The Irresistible Pull of Irrational Behaviour
  • Akerlof and Shiller, Animal Spirits

All three of them are already on my to-read-shelf.

Last but not least, everything by Herbert Simon, and in particular “Human Problem Solving” is mentioned.

Ok. What can I add to this list?

First, two collections:

  • “The Construction of Preferences” edited by Lichtenstein an Slovic
  • “Quasi Rational Economics” by Richard Thaler.
    Both are highly recommended!

On morals, ethics and (behavioral) economics:

On behavioral game theory

And finally, a few essential books on experimental economics:

  • “The Handbook of Experimental Economics” by Kagel and Roth
  • “Handbook of Experimental Economics Results” by Plott and Smith
  • “The Methodology of Experimental Economics” by Francesco Guala
  • “Experimental Economics – Rethinking the Rules” by Bardsley, Cubitt, Loomes, Moffatt, Starmer, and Sudgen

Enjoy!

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