Irrationally rational : (Record no. 3052436)

MARC details
000 -LEADER
fixed length control field 02320nam a22002297a 4500
003 - CONTROL NUMBER IDENTIFIER
control field JGU
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20230320020015.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 220730s2022 ii 000 0 eng
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780670095995
Qualifying information hbk.
040 ## - CATALOGING SOURCE
Language of cataloging eng
Transcribing agency JGU
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Raghunathan, R.,
Relator term author
9 (RLIN) 1636118
245 00 - TITLE STATEMENT
Title Irrationally rational :
Remainder of title ten nobel laureates : script the story of behavioural economics /
Statement of responsibility, etc V. Raghunathan.
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Haryana :
Name of publisher, distributor, etc Viking,
Date of publication, distribution, etc 2022.
520 ## - SUMMARY, ETC.
Summary, etc "You and your friend each have flights to catch at 8 p.m. and your destination cities are different. You decide to share a cab, but get caught in a rare traffic jam lasting several hours. You end up at the airport around midnight, and surely enough, both of you miss your flights. All quantifiable consequences of missing the flights-cost of tickets cancellation, paying for a new ticket, taking a cab back to the city, overnight stay, taking a cab back to the airport next morning, etc.-are expectedly identical for both. Now suppose the airline assistant tells you, 'Sorry, your flight left as scheduled at 8 p.m. sharp.' But your friend is told, 'Oh, how very unfortunate. Your flight was almost four hours late and only just departed!' Who feels the greater disappointment? You or your friend? Neoclassical economics tells us that because both individuals are assumed rational, their regret levels ought to be identical since their economic consequences are identical. Behavioural economists, however, combine psychology with economics, and focus on how real people, with their cognitive biases, actually behave. The friend who just missed the flight does indeed experience greater disappointment than the one who missed the flight by a margin of four hours. Does that make one or the other irrational? Irrationally Rational takes you through the journey of such rationality-irrationality arguments, showing why economics shorn of psychology may be incomplete. It is the first book of its kind, collating the works of ten Nobel Laureates largely responsible for the rise of behavioural economics, that makes understanding behavioural economics more fun and accessible."--
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Economics
General subdivision Psychological aspects
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Koha item type Home library Current library Shelving location Full call number Barcode Total Checkouts Date last seen Date checked out
    Dewey Decimal Classification     General Books Print OPJGU Sonepat- Campus OPJGU Sonepat- Campus Main Library 330.019 RA-I 146646 2 02/06/2023 19/03/2023

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