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I. Published Books
I. Published Books
(2025) The principles of behavioral economics: Microeconomics and human behavior. Cambridge University Press. Published with solutions manual on 16 January 2025.
The book manuscript is designed to be a state of the art book on undergraduate behavioral economics that does not shy away from frontier and challenging material. The book uses no more maths than a standard microeconomics course and relies on a presentation suitable for this level. A solutions manual is also provided. The book should also be highly useful for undergraduate courses in microeconomic theory, game theory, and contract theory. The field lacks a defining and authoritative book at this level, and this was the motivation for writing this book. Its projected length is about 725 pages (and a separate, rigorous, chapter in neuroeconomics).
The book manuscript is designed to be a state of the art book on undergraduate behavioral economics that does not shy away from frontier and challenging material. The book uses no more maths than a standard microeconomics course and relies on a presentation suitable for this level. A solutions manual is also provided. The book should also be highly useful for undergraduate courses in microeconomic theory, game theory, and contract theory. The field lacks a defining and authoritative book at this level, and this was the motivation for writing this book. Its projected length is about 725 pages (and a separate, rigorous, chapter in neuroeconomics).
Here is the blurb written by CUP: Principles of Behavioral Economics, written by an acknowledged leader in the field, provides a comprehensive introduction to one of the most exciting areas of modern economics. It demonstrates how models of economic theory can be enriched by using interdisciplinary insights from psychology, sociology, evolutionary biology, and neuroscience to build the basis for a more empirically supported set of economic principles. Unique in its level of rigor and lucidity, the book highlights the important link between theoretical and empirical economics by demonstrating the usefulness of a range of data sources such as observational data, lab data, survey data, and neuroeconomic data. This field-defining textbook argues that behavioral economics is not just a supplement to mainstream economics. Taking behavioral economics seriously requires a total rethink, and eventual transformation, of every area of economics.
Book Endorsements
‘Again, Sanjit Dhami has written an utterly fascinating book - this time aimed at teaching behavioral economics to undergraduates. It is the perfect book for that. But it is also the perfect book for anyone who wants to know how behavioral economics fits into standard economics, and then, further, how it fits into the social sciences as a whole. Every economist, and every social scientist, will learn a lot and find great pleasure in Principles of Behavioral Economics.’
George Akerlof - Nobel Laureate in Economics 2001; University Professor, Georgetown University
‘A masterful blend of theory and empirical evidence, this is an essential resource for students and researchers, and a must-read for anyone interested in the future of economic thought.’
Ernst Fehr - Professor of Economics, University of Zurich
‘Sanjit Dhami, author of the definitive graduate textbook on behavioral economics, has brought his wisdom, eloquence, and clarity of writing to the creation of an equally impressive volume aimed at undergraduates. In-depth and comprehensive, this book is perfect for year-long course sequences or for intelligent laypeople who want to gain a deep familiarity with the field.’
George Loewenstein - Herbert A. Simon University Professor of Economics and Psychology, Carnegie Mellon University
‘Because of its rapid growth and many connections to other disciplines, behavioral economics has sometimes appeared to be a rich but somewhat disparate collection of theories and models, empirical findings, and puzzles. With this landmark textbook, we finally have a comprehensive, unified, and remarkably pedagogical treatment of the entire field, seamlessly integrated with micro and game theory, experiments, and real-world applications. It will undoubtedly become the reference textbook for undergraduate courses on the subject, and the natural entry point into the field for many other readers.’
Roland Bénabou - Theodore A. Wells ’29 Professor of Economics and Public Affairs, Princeton University
‘In Principles of Behavioral Economics: Microeconomics and Human Behavior, Sanjit Dhami offers a companion volume, accessible to undergraduates, to his landmark graduate-level survey of behavioral economics, Foundations of Behavioral Economic Analysis. Like its predecessor, the companion volume is distinguished by its detailed yet readable coverage of theory and evidence and its balanced discussion of the philosophical and methodological differences and similarities between behavioral and neoclassical approaches to microeconomics. Interested undergraduates will gain from reading this masterful book.’
Vincent P. Crawford - Professor, University of California, San Diego and University of Oxford
‘This is an outstanding undergraduate textbook in behavioral economics. It not only highlights key results in the field but also conveys the excitement of our ongoing quest to make economics truer. I highly recommend it to all.’
Xavier Gabaix - Pershing Square Professor of Economics and Finance, Harvard University
(2022) Bounded Rationality: Heuristics, Judgement, and Public Policy, MIT Press (Joint with Cass Suntein).
(2022) Bounded Rationality: Heuristics, Judgement, and Public Policy, MIT Press (Joint with Cass Suntein).
From the Publisher's website (https://mitpress.mit.edu/contributors/sanjit-dhami):
"Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government."
Book Endorsements
"Bounded Rationality is simply the best book on this topic. Encompassing, empirically grounded, analytically sophisticated, and intuitively compelling." Ernst Fehr, Professor of Economics, University of Zurich
“This is a wonderful introduction to both classic and more recent behavioral economics. The mixture of theory and empirical evidence is very useful and healthy. The applications to public policy are particularly interesting. I highly recommend it to all entrants to the field.” Xavier Gabaix, Pershing Square Professor of Economics and Finance, Harvard University
Selected endorsements for the book:
"The Foundations of Behavioral Economic Analysis is a masterpiece. It covers the whole field of behavioral economics. And it is also an easy read, as beautiful examples throughout lead readers to appreciate behavioral decisions from the perspective of their own lifetime experience." George A. Akerlof, Daniel E. Koshland, Sr. Distinguished Professor Emeritus of Economics, University of California at Berkeley and 2001 Nobel laureate in economics
"The publication of this book is a landmark occasion for the field of behavioural economics. Until now there has been no comprehensive survey of the field suitable for graduate students. Professor Dhami has thoroughly and rigorously filled that gap. The book will be placed in a handy place in my office since I plan to consult it regularly" Richard H. Thaler, Charles R Walgreen Distinguished Service Professor of Economics and Behavioral Science and 2017 Nobel Laureate in Economics, University of Chicago.
"For someone, like myself, who started by being ignorant of the richness of the conversation within behavioral economics on a variety of issues, this magisterial volume is the ideal introduction, at once lucid and sophisticated." Abhijit V. Banerjee, Ford Foundation International Professor of Economics, M.I.T., and 2019 Nobel Laureate in Economics
The 2016 book, abbreviated as FBEA was split up into the following 7 volumes. This revision updated the 2016 book, corrected errors and typos, and a fair bit was rewritten for greater clarity.
II. Forthcoming Books
II. Forthcoming Books
(202?) I have a long standing book project with my long-time co-author Prof. Ali al-Nowaihi on the Methodology and Philosophy of Economics. This is an ambitious and bold attempt at taking a position on how economists should practise their craft taking into account best practice in the natural sciences and whether it is desirable to do so (yes it is!!!). Let us see if this ever comes to fruition.
III. Book Chapters
III. Book Chapters
(2021) Behavioral economics and rationality. In Handbook of Rationality. MIT Press: Massachusetts. (Joint with Ali al-Nowaihi)
(2021) Behavioral economics and rationality. In Handbook of Rationality. MIT Press: Massachusetts. (Joint with Ali al-Nowaihi)
(2019) Human Ethicality: Evidence and Insights from Behavioral Economics. In Handbook of Ethics and Economics. Oxford University Press: Oxford. (Joint with Ali al-Nowaihi).
(2019) Human Ethicality: Evidence and Insights from Behavioral Economics. In Handbook of Ethics and Economics. Oxford University Press: Oxford. (Joint with Ali al-Nowaihi).
(2018) Behavioural Economics and the theory of crime, punishment and litigation. In The Research Handbook on Behavioural Law and Economics. Edited by Joshua Teitelbaum and Kathryn Zeiler. Edward Elgar. ISBN: 1849805679 (with Ali al-Nowaihi)
(2018) Behavioural Economics and the theory of crime, punishment and litigation. In The Research Handbook on Behavioural Law and Economics. Edited by Joshua Teitelbaum and Kathryn Zeiler. Edward Elgar. ISBN: 1849805679 (with Ali al-Nowaihi)
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