Definition of behavioral economics in English:

behavioral economics

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’
    • ‘Behavioural economics, the application of psychological insights to economic theories and problems, has been growing in influence for decades.’
    • ‘Even if there are some merits to behavioural economics, ignoring the real economy can only mean not solving the real problems we face.’
    • ‘They will also find that his ideas contain elements of behavioral economics, feminist economics, the new institutional school, and the theory of "social capital."’
    • ‘Call it behavioural economics or the psychology of spending, all of us, whether we know it or not, take our emotions, eccentricities and idiosyncrasies to the cash register.’
    • ‘Schlicht shows a remarkably up-to-date knowledge of economic psychology and behavioral economics.’
    • ‘Today, the thriving field of behavioral economics confirms his hypothesis.’
    • ‘Such insights draw on behavioral economics, an increasingly popular field that incorporates elements from psychology to explain why people make seemingly irrational decisions.’
    • ‘So let me put aside the contradictions of behavioural economics and rely instead on economic history.’
    • ‘Without realizing it, the courts have implemented the system that behavioral economics would find optimal.’
    • ‘A lot of work coming out of behavioral economics challenges this view that humans act selfishly even in economic life, never mind social life.’
    • ‘Their work is part of the growing field of behavioral economics, which seeks to explore the important role emotions play in financial decision-making.’
    • ‘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.’
    • ‘The more psychologically detailed insights of behavioural economics may also be promising.’
    • ‘Here at Harvard there is a tremendous enthusiasm for behavioral economics and the intersection between psychology and economics.’
    • ‘Regardless of the cogency of my interpretation, there is no doubt now that behavioral economics is on the ascent.’
    • ‘Benjamin's ultimate goal is to pursue his work in behavioral economics as a university professor.’
    • ‘Behavioral economics should complement, not substitute for, more substantive economic interventions.’
    • ‘My favourite chapter describes the research of John List, a colleague of Levitt's, as he zaps some of the most famous results in behavioural economics.’
    • ‘Deeper analysis of trust, habits, and perceptions, drawing from cognitive science and from behavioral economics, would certainly have been possible.’