
Belief and Rule Compliance
An Experimental Comparison of Muslim and Non-Muslim Economic Behavior
Description
Key Features
- Covers the economic behavior of Muslims and non-Muslims
- Indicates when, and if, economic behavior confirms/opposes rational self-interest assumptions
- Links rule compliance with risk sharing concepts in Islamic Finance
- Applies game theory to understand behavioral rules compliance regarding Islamic Finance laws
- Explores behavioral implications for creating and marketing new financial products
Readership
Behaviorally-minded Islamic Finance specialists. Fund managers and financial product developers working with Islamic investments. Policymakers and regulators. Behavioral economists interested in exploring the impact of belief and religious-priming on economic behavior. Some graduate and 1st year PhD students in economics or behavioral economics
Table of Contents
1. Introduction
2. Rules of the Game
3. Game Theory and Human Behavior
4. Markets and Investment Behavior
5. Game Theory and Testing for Rule Compliance
6. Rule Compliance and Institutional Quality
7. Economic and Institutional Applications
8. Conclusion
Product details
- No. of pages: 233
- Language: English
- Copyright: © Academic Press 2018
- Published: September 20, 2018
- Imprint: Academic Press
- Paperback ISBN: 9780128138090
- eBook ISBN: 9780128138137
About the Authors
Hazik Mohamed
Affiliations and Expertise
Abbas Mirakhor
Affiliations and Expertise
Nuri Erbas
Affiliations and Expertise
Ratings and Reviews
Latest reviews
(Total rating for all reviews)
Paul Fri Sep 11 2020
Unique Game Theory Approach
I liked the use of known and lesser-known games from Game Theory to test for behaviors, which they use to differentiate responses between Muslims and non-Muslims. Very interesting study and outcomes.
Eliza Mon Jun 08 2020
Interesting perspective
I have not read an Islamic view on economics from a social experimentation perspective. The moral dilemma of the Sinking Ship stood out for me.
Raemi Mon Apr 13 2020
Ground-breaking !
The authors in this book has put forth a revolutionary perspective on behavioral influences on economics and finance with theological foundations. Testing for behaviors using popular game theory experiments anchor their findings adequately, as opposed to fancy theorizing and unvalidated concepts.