Belief and Rule Compliance
An Experimental Comparison of Muslim and Non-Muslim Economic Behavior

Applies behavioral economics and experimental game theory to understand and predict economic behaviors under systems of Islamic Finance and Islamic economies

Hazik Mohamed (Author), Abbas Mirakhor (Author), Nuri Erba? (Author)

9780128138090

Paperback, published 20 September 2018

233 pages
22.9 x 15.1 x 1.6 cm, 0.39 kg

Belief and Rule Compliance: An Experimental Comparison of Muslim and Non-Muslim Economic Behavior uses modern behavioral science and game theory to examine the behavior and compliance of Muslim populations to Islamic Finance laws and norms. The work identifies behaviors characterized by unexpected complexity and profound divergence, including expectations for sharing, cooperation and entrepreneurship gleaned from studies. Adopting a unique set of recent empirical observations, the work provides a reliable behavioral foundation for practitioners seeking to evaluate, create and market Islamic financial products.

1. Introduction2. Rules of the Game3. Game Theory and Human Behavior4. Markets and Investment Behavior5. Game Theory and Testing for Rule Compliance6. Rule Compliance and Institutional Quality7. Economic and Institutional Applications8. Conclusion

Subject Areas: Economic forecasting [KCJ], Econometrics [KCH]