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behavioural economics

Line breaks: be|hav¦iour¦al eco|nom¦ics

Definition of behavioural economics in English:

plural noun

[treated as singular]
A method of economic analysis that applies psychological insights into human behaviour to explain economic decision-making: behavioural 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

behavioural 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.

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