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Economics
Applied Microeconomics
Behavioral Economics
1. Foundations of Behavioral Economics
2. Core Theoretical Frameworks
3. Heuristics and Biases
4. Intertemporal Choice: Decisions Over Time
5. Social Preferences and Influences
6. Applications of Behavioral Economics
7. Methodologies in Behavioral Economics
8. Critiques and Future Directions
Intertemporal Choice: Decisions Over Time
The Discounted Utility Model
Exponential Discounting
Mathematical Formulation
Discount Rate Concepts
Time Consistency Properties
Assumptions and Limitations
Constant Discount Rates
Separability Assumptions
Empirical Violations
Anomalies in Intertemporal Choice
Hyperbolic Discounting
Mathematical Representation
Empirical Evidence
Declining Impatience
Present Bias
Beta-Delta Models
Immediate vs. Delayed Rewards
Time Inconsistency
Preference Reversals
Dynamic Inconsistency
Magnitude Effect
Amount-Dependent Discounting
Small vs. Large Rewards
Sign Effect
Gains vs. Losses Over Time
Asymmetric Discounting
Sequence Effects
Improving vs. Declining Sequences
Peak-End Rule in Temporal Evaluation
Self-Control and Commitment
The Planner-Doer Model
Internal Conflict Framework
Multiple-Self Models
Implications for Behavior
Commitment Devices
Hard Commitment Mechanisms
Soft Commitment Strategies
Effectiveness and Limitations
External vs. Internal Commitment
Self-Control Problems
Procrastination Behavior
Temptation and Willpower
Ego Depletion
Implementation Intentions
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3. Heuristics and Biases
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5. Social Preferences and Influences