Behavioral Economics and Finance Leadership: Nudging and Winking to Make Better Choices
Intro -- Preface -- Contents -- Behavioral Foundations -- 1 Behavioral Economics -- 1.1 Introduction -- 1.2 Theoretical Background -- 1.3 Individual Decision-Making Under Uncertainty -- 1.3.1 Homo Nudgiens -- 1.3.2 Bounded Rationality and Ethicality -- 1.3.3 Mental Temporal Accounting -- 1.3.4 Evolutionary-Grown Human Decision-Making -- References -- Digital Behavioral Economics -- 2 Communication in the Twenty-First Century -- 2.1 Nudging and Winking in the Digital Era -- 2.1.1 On the Collective Soul of Booms and Busts -- 2.1.2 Nudging and Winking from the Supply and Demand Sides -- 2.1.3 Nudgital: Critique of Behavioral Political Economy -- 2.1.4 The Nudging Divide in the Twenty-First Century -- References -- Behavioral Finance -- 3 Value at Looking Back -- 3.1 Reflexivity in Socio-economic Backtesting -- 3.2 Results -- 3.3 Discussion -- References -- 4 Financial Behavioralism: A Behavioral Finance Approach to Minimize Losses and Maximize Profits from Heuristics and Biases -- 4.1 Diversifying Nudges -- 4.2 Crises-Robust Market Options -- 4.3 Long-Term Sustainable Market Options -- 4.4 Demographics -- 4.5 Tangibility -- 4.6 Safe Havens -- References -- 5 Market Communication -- 5.1 Too Much Information -- 5.2 Too Little Information -- 5.3 Social Phenomenon and Leaders in the Field -- 5.4 Time of Information -- 5.5 Firm-Biased Information -- 5.6 Medium Bias -- 5.7 Availability Biases -- 5.8 Quality of Information -- 5.9 Good News Breeding Overconfidence -- 5.10 Bad News -- References -- The Future of Behavioral Economics -- 6 Artificial Intelligence and Nudging -- 6.1 Artificial Intelligence Market Disruption -- 6.1.1 Slowbalisation -- 6.2 Macroeconomic Modeling -- 6.2.1 Discussion -- 6.3 Big Data Ethics -- 6.3.1 Utility -- 6.3.2 Dignity -- 6.3.3 Information Sharing and Privacy -- 6.3.4 The Humane Preference for Communication.