Behavioural Economics tries to mix insights from Psychology with Economics, and looks at problems through the eye of a “Human”, rather than an “Econ”.
It uses insights from psychology to explain why people make apparently irrational decisions such as why people eat too much, take too little exercise, or do not save enough for retirement.
Rory Sutherland from Ogilvy has argued that:
"“In the economist's mind, people are calculating rationalists, merely seeking to maximize their own utility in a world of perfect information. In fact, the human is far less a rational calculating machine than an anxious, moralizing, herd-like, reciprocating, image-conscious, story-telling game theorist.
- - - - - - - - -
MORE ABOUT TUTOR2U ECONOMICS:
Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more:
[ Ссылка ]
A Level Economics Revision Flashcards:
[ Ссылка ]
A Level Economics Example Top Grade Essays:
[ Ссылка ]
Behavioural Economics - Introduction
Теги
behavioural economicsgame theoryrational behavioursatisficingmaximisingirrationalityconventional economicssocial normsbounded rationalityDaniel Kahnemancognitive biaspsychologybehavioral economicsintroduction to behavioral economicsintroduction to behavioural economicsbehavioral economics coursebehavioral economics (field of study)loss aversionchoice architecturetutor2u behavioural economicstutor2u economics