Behavioral Economics Research Area
Jump to navigation
Jump to search
A Behavioral Economics Research Area is a Research Area that analyzes human behavior in economic decision making.
- See: Human Nature, Daniel Kahneman, Dan Ariely, Experimental Economics, Cognitive Bias, Allocation Of Resources, Bounded Rationality, Rationality, Economic Agent, Behavioral Model, Psychology, Microeconomics.
References
2016
- (Schurr & Ritov, 2016) ⇒ Amos Schurr, and Ilana Ritov. (2016). “Winning a Competition Predicts Dishonest Behavior.” In: Proceedings of the National Academy of Sciences.
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/behavioral_economics Retrieved:2014-1-7.
- Behavioral economics and the related field, behavioral finance, study the effects of social, cognitive, and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and the resource allocation.[1] The fields are primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology with microeconomic theory; in so doing, these behavioral models cover a range of concepts, methods, and fields. [2] The study of behavioral economics includes how market decisions are made and the mechanisms that drive public choice. There are three prevalent themes in behavioral finances:[3]
- Heuristics: People often make decisions based on approximate rules of thumb and not strict logic.
- Framing: The collection of anecdotes and stereotypes that make up the mental emotional filters individuals rely on to understand and respond to events.
- Market inefficiencies: These include mis-pricings and non-rational decision making.
- Behavioral economics and the related field, behavioral finance, study the effects of social, cognitive, and emotional factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and the resource allocation.[1] The fields are primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology with microeconomic theory; in so doing, these behavioral models cover a range of concepts, methods, and fields. [2] The study of behavioral economics includes how market decisions are made and the mechanisms that drive public choice. There are three prevalent themes in behavioral finances:[3]
- ↑ Lin, Tom C. W., A Behavioral Framework for Securities Risk (April 16, 2012). 34 Seattle University Law Review 325 (2011).
- ↑ Search of behavioural economics at (2008–) The New Palgrave Dictionary of Economics Online.[1]
- ↑ Template:Harvnb