Asked by Jackie Doodle on Sep 28, 2024
Behavioral economics assumes that humans act independently on the basis of full and relevant information.
Behavioral Economics
A field of economics that studies the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.
Relevant Information
Data or facts that are pertinent and useful for decision-making, particularly in the context of solving specific problems or achieving objectives.
- Comprehend the principles of behavioral economics as they relate to human decision-making processes.
Learning Objectives
- Comprehend the principles of behavioral economics as they relate to human decision-making processes.
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