Description
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.
- 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
Table of Contents
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
