Definition of behavioral economics in English:

Share this entry

behavioral economics

plural 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
  • Today, the thriving field of behavioral economics confirms his hypothesis.
  • The more psychologically detailed insights of behavioural economics may also be promising.
  • Their work is part of the growing field of behavioral economics, which seeks to explore the important role emotions play in financial decision-making.


behavioral economist

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.

For editors and proofreaders

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

Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.