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
- 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 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:
- British & World English dictionary
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