Belief and Rule Compliance. An Experimental Comparison of Muslim and Non-Muslim Economic Behavior. Perspectives in Behavioral Economics and the Economics of Behavior

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

Authors

Hazik Mohamed Managing Director, Stellar Consulting Group Ltd, Singapore. Hazik Mohamed is the Managing Director of Stellar Consulting Group Pte. Ltd. which is based in Singapore. Academically, his wide research interests include behavioral investigations into human decision-making using game theory via conventional and Islamic economics perspectives. Professionally, he is currently working on blockchain-based innovations and business growth strategies for start-ups. Hazik holds a Ph.D. in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF) in Malaysia as well as M.Sc. in Finance from Baruch College in New York and B.Sc. in Mechanical Engineering from the University of Arkansas, Fayetteville. Abbas Mirakhor Chair of Islamic Finance, International Centre for Education in Islamic Finance, Kuala Lumpur, Malaysia. Abbas Mirakhor is the former holder of the First Chair of Islamic Finance at INCEIF in Malaysia, where he mentored and supervised 17 Ph.D. candidates, amongst other duties. He was formerly Dean of the Executive Board and retired as an Executive Director of the International Monetary Fund (IMF). He has held past professorships in Alabama A&M and Florida Institute of Technology. Mirakhor has published widely across microeconomic theory, mathematical economics and Islamic economics. He is the author, contributor and editor of numerous books, journals and articles, with much of those diverse research converging towards risk-sharing. Nuri Erbas Senior Economist, International Monetary Fund, Middle East and Central Asia Department, Washington DC, USA. S. Nuri Erbas was a Senior Economist at the IMF. He also held academic positions at the Universities of Hawaii, Houston, Maryland and INCEIF. His most recent research is on Saudi Arabia's labor markets and decision-making in ambiguity. He holds a Ph.D. in Economics from Columbia University in New York and is the recipient of 1975 Rectorate Award from Bogaziçi University, Istanbul.