Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...

The result has been to create a subfield called “behavioral economics.” Defenders of this field of study claim that such incorporation allows economists to better explain and predict behavior ...

Behavioral economics has uncovered many ways to nudge, influence, and persuade. Now, the MINDSPACE framework has put them together in one simple model.

Learn from Chicago Booth, a Nobel Prize-winning leader in Behavioral Economics, how to leverage behavioral economic insights to drive enterprise value, improve product and service design, and build a ...

By combining behavioral economics, AI-driven modeling and insurance-backed solutions, financial professionals can help investors move past common biases and toward stronger, more stable retirement ...

These highly emotional decisions are all more manageable using the lessons of behavioral economics, which I studied as an economist. When I took a new tech job offer in 2017, it meant leaving San ...

The results suggest that behavioral economics can be used to design effective prescriptive programs for important economic decisions.

"Behavioral Economics and Health-Care Markets." Chap. 6 in Handbook of Behavioral Economics: Foundations and Applications 2, edited by B. Douglas Bernheim, Stefano DellaVigna, and David Laibson, ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

Economics Nobel winner Thaler shed light on how real people behave University of Chicago scholar Richard Thaler was honored with the 2017 Nobel Prize in economics for his work questioning ...