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Economics
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Economics Behavioral Economics

Behavioral Economics

Behavioral economics asks questions about the economic decisions that people make. Do individuals always act in their own best interest when it comes to maximizing utility, efficiency, and value?

Economics
  • Race and Income Inequality
  • Gender and Income Inequality
  • Practical Look At Microeconomics
  • Understanding Income Inequality
  • Global Trade Guide
  • Guide to Economics
  • Guide to Inflation
  • Microeconomics
  • Macroeconomics
  • Behavioral Economics
availability bias
Recency (Availability) Bias Definition
The recency bias, or availability bias, identified by behavioral economics, is when people overweight new information or recent events.
  • Business Colleagues With Boxing Gloves Standing Against Buildings in City
    Game Theory Definition
  • Karl Marx Definition: His Life, Theories, & Impact
  • Conflict Theory Definition: A Guide With Examples
  • Organizational Behavior (OB) Definition
  • United Kingdom and European Union jigsaw puzzle, illustratio
    Rational Choice Theory Definition
  • Man dangling out of loft hatch with one foot touching step ladder
    Moral Hazard vs. Morale Hazard: What's the Difference?
  • Detail of a Golden Bull Breaking Through the Finance Section of a Newspaper
    Animal Spirits Definition
  • Business people hold paper jigsaw puzzle and solving puzzle together
    Tit for Tat Definition
  • Revealed Preference Definition
  • Cropped Hand Holding Gavel Against People During Auction
    Winner's Curse Definition
  • Midsection of Businessman Using Calculator and Laptop at Desk
    Rational Behavior Definition
  • Financial pundit Jim Cramer
    Understanding Information Cascades in Financial Markets
  • World economy signs showing "socialism," "capitalism" and others
    Socialism Definition: History, Theory, & Analysis
  • A hand holds a poster sign that reads "SAVE THE MIDDLE CLASS" in black marker on yellow paper in the middle of a crowd.
    Income Ranges: What Constitutes a Middle Class Income?
  • Businessman in a suit standing outside a building look outward with a tablet in his hand
    Laissez-Faire Definition
  • Millenial Group of Friends Going out Having Fun Together
    How the Financial Crisis Affected Millennials
  • tablet and files on table
    Prospect Theory Definition
  • Symbols
    What Are the Four Types of Economic Utility?
  • Bioeconomics Definition
  • Two people skydiving at sunset
    What Are Examples of Moral Hazard in the Business World?
  • A man with money flying out of his wallet
    Consumer Spending Definition
  • Cognitive vs. Emotional Investing Bias
  • Save to Board Businesswoman Filling Survey Form On Mobile Phone
    Michigan Consumer Sentiment Index (MCSI) Definition
  • Investment Multiplier Definition
  • Black Monday Definition
  • Sierra Leonian's Survive In One Of The Worlds Poorest Countries
    Human Development Index (HDI) Definition
  • How Game Theory Strategy Improves Decision Making
  • Midsection Of Woman Holding Shopping Bags
    Understanding the Consumer Confidence Index
  • Top 4 mistakes that cause futures traders to fail
  • The Wealth Effect Definition
  • Person drawing
    Bandwagon Effect Definition
  • Business Cooperation
    Self-Interest Definition
  • How Did Moral Hazard Contribute to the 2008 Financial Crisis?
  • Businesswoman Checking App on Smart Phone While Working on Web Design in Studio
    The Top 3 Financial Centers in the World
  • Paper Cash
    Anchoring and Adjustment Definition
  • Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office.
    Which factors drive the marginal propensity to consume?
  • Abstract mirror building texture
    Backward Induction Definition
  • Game Bank
    Gambler's Fallacy Definition
  • Crowd of commuters walking
    Wisdom of Crowds Definition
  • Economic growth
    New Growth Theory Definition
  • Marginal Propensity to Consume vs. to Save: What's the Difference?
  • Couple with digital tablet and antique cameras
    Peer-to-Peer (P2P) Service Definition
  • new york stock exchange
    What the Market Open Tells You
  • Entrepreneur Writing on a Document While Sitting in a Restaurant
    Income Effect vs. Price Effect: What’s the Difference?
  • Business Cooperation
    How to Master the Art of Negotiation
  • Man Using Credit Card Reader
    Adopter Categories Definition
  • Young woman checking her airplane in timetable board.
    5 Worthwhile, Inexpensive Christmas Destinations
  • Intertemporal choice
    Intertemporal Choice Definition
  • Reflexivity Definition
  • Consumer feedback
    Consumer Sentiment Definition
  • Shakeout Definition
  • Two business people calculate their business in the office.
    Mental Accounting Definition
  • The Importance Of Millennial Consumers
  • Stock Exchange
    Endowment Effect Definition
  • Stump the Chump Definition
  • Relativity Trap Definition
  • Homo Economicus Definition
  • Price Elasticity: How it Affects Supply and Demand
  • A teacher gestures to a classroom full of seated students.
    Money Illusion Definition
  • Financial and Technical Data Analysis Graph Showing Search Findings
    Base Rate Fallacy
  • Einhorn Effect Definition
  • Gain and loss
    Loss Aversion Definition
  • Stock Exchange Graph and Numbers
    Fear and Greed Index Definition
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