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

Definition of behavioral economics in English:

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
  • 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

1
noun
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:

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