1. Behavioral Economics Essay
Explanation of the Article The theory of behavioral economics explains why economic agents often make decisions that are not in their best interests. ... Facts such as these make you think about how different it is than the standard model of the human classical economics and neoclassical economics that have been used for decades. ... (Lambert, 2006) Behavioral Economics Research Borrowing aspects of both psychology and economics, the current belief of behavioral economics is that emotional biases often avert people from making rational decisions, despite their best efforts. Behavioral...
- Word Count: 903
- Approx Pages: 4
- Has Bibliography
- Grade Level: Undergraduate