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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
  • 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.

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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