Definition of behavioral economics in English:

behavioral economics

Syllabification: be·hav·ior·al ec·o·nom·ics

noun

[treated as singular]
A method of economic analysis that applies psychological insights into human behavior to explain economic decision-making: behavioral economics helps explain why people under-save for retirement
More example sentences
  • Such insights draw on behavioral economics, an increasingly popular field that incorporates elements from psychology to explain why people make seemingly irrational decisions.
  • Behavioral economics should complement, not substitute for, more substantive economic interventions.
  • The book talks about all the interesting psychological studies cognitive psychology, evolutionary psychology, behavioral economics, experimental philosophy that illuminate how we think and act regarding fear.

Derivatives

behavioral economist

noun
More example sentences
  • Thaler comes from the ranks of "behavioral economists," a group whose influence has grown significantly in the last few years.
  • Even the behavioral economists just advocate more realistic models of human decision-making.
  • Behavioural economists believe in "the endowment effect", a tendency for people to overvalue the status quo.

Definition of behavioral economics in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day glee
Pronunciation: gliː
noun
great delight, especially from one's own good fortune…