News

New book on behavioral economics to be launched by School of Business

The School of Business is delighted to be holding a book launch for Professor Sanjit Dhami's 1,800 page book Foundations of Behavioral Economic Analysis on Friday 4 November 2016 at College Court. The book is to be published by Oxford University Press by mid-October.

Behavioral economics enriches the standard framework in economics by drawing on insights from psychology, biology, sociology, anthropology and neuroscience. Two Nobel Prizes in economics have already been awarded to work done in this area.

This book is the first definitive introduction to the exciting new area of behavioral economics, suitable for graduate students. Many parts of the book are also of the nature of a research monograph and clarify the research questions, puzzles and challenges in the area. For this reason the book should be indispensable for researchers working in the area. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout.

The book took 11 years to write and many of the leaders in the field have played an important part in its writing. The book has generated worldwide attention. It has been endorsed by 14 of the most prominent behavioral economists.

In order to celebrate the launch of the book, four of the most eminent behavioral economists have been invited to speak at the book launch event on the 4 November, to be preceded by an official dinner on 3 November that is hosted by Oxford University Press in Leicester. The three speakers are Professors Ernst Fehr, Herbert Gintis and Andrew Schotter. In addition, many behavioral economists are expected from outside the University to witness the event. The event is unprecedented in its scale and in the quality of speakers for a graduate book launch in economics.

The worldwide interest and support for the book also reflects the recognition for the research in theoretical behavioral economics by Professor Sanjit Dhami, jointly with his friend and long-time co-author Professor Ali al-Nowaihi. This research figures prominently in the book and has been instrumental in deepening the theoretical foundations of the subject. The book places the University of Leicester squarely at the center of attention in behavioral economics.

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