Economics Dictionary of ArgumentsHome
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| Behavioral Economics - Economics Dictionary of Arguments | |||
| Behavioral economics combines insights from psychology and economics to explore how individuals actually make decisions, diverging from the traditional economic assumption of rational actors. It investigates the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions, revealing patterns that standard economics might not explain, such as biases and irrational behavior. | |||
| Author | Item | More authors for concept | |
|---|---|---|---|
| Behavioral Economics | Comparisons | Comparisons | |
| Behavioral Economics | Minimal Group | Minimal Group | |
| Behavioral Economics | Punishment | Punishment | |
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Ed. Martin Schulz, access date 2024-04-19 | |||
