Edited by Morris Altman, Dean, University of Dundee School of Business (UDSB), Chair Professor of Behavioural and Institutional Economics, and Co-operatives, Dundee, Scotland, UK

‘In the study of decision-making by people in the world, the laboratory, in surveys, or in all of the above, many scholars have derided our decisions as irrational, uninformed, biased or vulnerable to illusions, if not delusions, that steer us off track. You won’t find that simplistic reduction in this book. You will find plenty of cases of error, sometimes random, sometimes systematic, and sometimes in the models that are alleged to specify rational behaviour. You will also find penetrating analyses of institutions and other social systems that have made us smart, or smart enough to muddle through in an uncertain world.’

• Contents:Foreword by Vernon Smith 1. Introduction to Smart Decision-MakingMorris AltmanPART I Smart Decision-Makers, Different Types of Rationality, and Outcomes2. Rational Inefficiency: Smart Thinking, Bounded Rationality, and the Scientific Basis for Economic Failure and SuccessMorris Altman3. Rational Mistakes That Make Us SmartNathan Berg4. Rational Choice As If the Choosers Were HumanPeter J. Boettke and Rosolino A. Candela5. Smart Predictions From Wrong Data: The Case of Ecological CorrelationsFlorian Kutzner and Tobias Vogel6. Heuristics: fast, frugal, and smartShabnam Mousavi, Björn Meder, Hansjörg Neth and Reza Kheirandish7. The Beauty of Simplicity? (Simple) Heuristics and the Opportunities Yet to be RealizedAndreas Ortmann and Leonidas Spiliopoulos8. Smart Persons and Human Development: The Missing Ingredient in Behavioral EconomicsJohn F. Tomer PART II Aspects of Smart Decision-MakinG9. Behavioral Strategy at the Frontline: Insights and Inspirations from the US Marine CorpsMie Augier10. Feminist economics for smart behavioural economics Siobhan Austen11. How regret Moves Individual and Collective Choices Towards RationalitySacha Bourgeois-Gironde12. Is it rational to be in love?Paul Frijters and Gigi Foster13. Behavioural Economic AnthropologyGiuseppe Danese and Luigi MittonePART III Development and Governance14. Do Changes in Farmers’ Seed Traits Align with Climate Change? A Case Study of Maize in Chiapas, MéxicoC. Leigh Anderson, Andrew Cronholm and Pierre Biscaye15. Rationality, Globalization, and X-Efficiency Among Financial InstitutionsRoger Frantz16. The Evolution of Governance Structures in a Polycentric SystemEdward McPhail and Vlad TarkoPART IV Tax Behaviour17. Taxation and NudgingSimon James18. Income Tax ComplianceErich Kirchler, Barbara Hartl and Katharina GanglPART V Smart Macroeconomics and Finance19. Financial decisions in the householdBernadette Kamleitner, Till Mengay and Erich Kirchler20. Employing Priming to Shed Light on Financial Decision-making ProcessesDoron Kilger21. Experimental Asset Markets: Behaviour and BubblesOwen Powell and Natalia Shestakova22. To Consume or to Save: Are We Maximising or What?Tobias F. RötheliPART VI Dimensions of Health23. Time orientation effects on health behaviourJannette van Beek, Michel J.J. Handgraaf and Gerrit Antonides24. Behavioral aspects of obesityOdelia Rosin25. Time inconsistent preferences in intertemporal choices for physical activity & weight loss: Evidence from Canadian health surveysNazmi Sari26. Suicide Amongst Smart PeopleBijou Yang and David LesterPART VII Sociological Dimensions of Smart Decision-Making27. Seeing and knowing others: the impact of social ties on economic interactionsAstrid Hopfensitz 28. Weakness of Will and Stiffness of Will: How far are Shirking, Slackening, Favoritism, Spoiling of Children, and Pornography from Obsessive-Compulsive Behavior?Elias L. Khalil29. The Role of Identity, Personal and Social Capital in Community Crime PreventionAmbrose Leung and Brandon Harrison30. Norms, Culture, and CognitionShinji TerajiPART VIII Morals and Ethics31. Rational Choice in Public and Private SpheresHerbert Gintis 32. Ethics and Simple GamesMark Pingle Index

Edited by Morris Altman, Dean, University of Dundee School of Business (UDSB), Chair Professor of Behavioural and Institutional Economics, and Co-operatives, Dundee, Scotland, UK

‘In the study of decision-making by people in the world, the laboratory, in surveys, or in all of the above, many scholars have derided our decisions as irrational, uninformed, biased or vulnerable to illusions, if not delusions, that steer us off track. You won’t find that simplistic reduction in this book. You will find plenty of cases of error, sometimes random, sometimes systematic, and sometimes in the models that are alleged to specify rational behaviour. You will also find penetrating analyses of institutions and other social systems that have made us smart, or smart enough to muddle through in an uncertain world.’

• Contents:Foreword by Vernon Smith 1. Introduction to Smart Decision-MakingMorris AltmanPART I Smart Decision-Makers, Different Types of Rationality, and Outcomes2. Rational Inefficiency: Smart Thinking, Bounded Rationality, and the Scientific Basis for Economic Failure and SuccessMorris Altman3. Rational Mistakes That Make Us SmartNathan Berg4. Rational Choice As If the Choosers Were HumanPeter J. Boettke and Rosolino A. Candela5. Smart Predictions From Wrong Data: The Case of Ecological CorrelationsFlorian Kutzner and Tobias Vogel6. Heuristics: fast, frugal, and smartShabnam Mousavi, Björn Meder, Hansjörg Neth and Reza Kheirandish7. The Beauty of Simplicity? (Simple) Heuristics and the Opportunities Yet to be RealizedAndreas Ortmann and Leonidas Spiliopoulos8. Smart Persons and Human Development: The Missing Ingredient in Behavioral EconomicsJohn F. Tomer PART II Aspects of Smart Decision-MakinG9. Behavioral Strategy at the Frontline: Insights and Inspirations from the US Marine CorpsMie Augier10. Feminist economics for smart behavioural economics Siobhan Austen11. How regret Moves Individual and Collective Choices Towards RationalitySacha Bourgeois-Gironde12. Is it rational to be in love?Paul Frijters and Gigi Foster13. Behavioural Economic AnthropologyGiuseppe Danese and Luigi MittonePART III Development and Governance14. Do Changes in Farmers’ Seed Traits Align with Climate Change? A Case Study of Maize in Chiapas, MéxicoC. Leigh Anderson, Andrew Cronholm and Pierre Biscaye15. Rationality, Globalization, and X-Efficiency Among Financial InstitutionsRoger Frantz16. The Evolution of Governance Structures in a Polycentric SystemEdward McPhail and Vlad TarkoPART IV Tax Behaviour17. Taxation and NudgingSimon James18. Income Tax ComplianceErich Kirchler, Barbara Hartl and Katharina GanglPART V Smart Macroeconomics and Finance19. Financial decisions in the householdBernadette Kamleitner, Till Mengay and Erich Kirchler20. Employing Priming to Shed Light on Financial Decision-making ProcessesDoron Kilger21. Experimental Asset Markets: Behaviour and BubblesOwen Powell and Natalia Shestakova22. To Consume or to Save: Are We Maximising or What?Tobias F. RötheliPART VI Dimensions of Health23. Time orientation effects on health behaviourJannette van Beek, Michel J.J. Handgraaf and Gerrit Antonides24. Behavioral aspects of obesityOdelia Rosin25. Time inconsistent preferences in intertemporal choices for physical activity & weight loss: Evidence from Canadian health surveysNazmi Sari26. Suicide Amongst Smart PeopleBijou Yang and David LesterPART VII Sociological Dimensions of Smart Decision-Making27. Seeing and knowing others: the impact of social ties on economic interactionsAstrid Hopfensitz 28. Weakness of Will and Stiffness of Will: How far are Shirking, Slackening, Favoritism, Spoiling of Children, and Pornography from Obsessive-Compulsive Behavior?Elias L. Khalil29. The Role of Identity, Personal and Social Capital in Community Crime PreventionAmbrose Leung and Brandon Harrison30. Norms, Culture, and CognitionShinji TerajiPART VIII Morals and Ethics31. Rational Choice in Public and Private SpheresHerbert Gintis 32. Ethics and Simple GamesMark Pingle Index