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?
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Game Theory Definition
Game theory is a framework for modeling scenarios in which conflicts of interest exist among the players.
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Rational Choice Theory Definition
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Moral Hazard vs. Morale Hazard: What's the Difference?
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Animal Spirits Definition
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Tit for Tat Definition
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Revealed Preference Definition
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Winner's Curse Definition
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Rational Behavior Definition
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Understanding Information Cascades in Financial Markets
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Socialism Definition
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Which Income Class Are You?
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Laissez-Faire Definition
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How the Financial Crisis Affected Millennials
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Prospect Theory Definition
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What Are the Four Types of Economic Utility?
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Bioeconomics Definition
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What Are Examples of Moral Hazard in the Business World?
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Consumer Spending Definition
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Cognitive vs. Emotional Investing Bias
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Michigan Consumer Sentiment Index - MCSI Definition
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Investment Multiplier Definition
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Black Monday Definition
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Human Development Index (HDI) Definition
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How Game Theory Strategy Improves Decision Making
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Over the Top (OTT) Definition
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Understanding the Consumer Confidence Index
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Top 4 mistakes that cause futures traders to fail
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The Wealth Effect Definition
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Bandwagon Effect Definition
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Self-Interest Definition
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How did moral hazard contribute to the 2008 financial crisis?
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The Top Three Financial Centers in the World
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Anchoring and Adjustment Definition
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Which factors drive the marginal propensity to consume?
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Backward Induction Definition
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Gambler's Fallacy Definition
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Wisdom of Crowds Definition
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New Growth Theory Definition
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Marginal Propensity to Consume vs. to Save: What's the Difference?
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Peer-to-Peer (P2P) Service Definition
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What the Market Open Tells You
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Income Effect vs. Price Effect: What’s the Difference?
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How to Master the Art of Negotiation
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Adopter Categories Definition
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How Much Does It Cost to Study in Japan?
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5 Worthwhile, Inexpensive Christmas Destinations
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Intertemporal Choice Definition
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Reflexivity Definition
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Consumer Sentiment Definition
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Shakeout Definition
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Mental Accounting Definition
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The Importance Of Millennial Consumers
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Endowment Effect Definition
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Stump the Chump Definition
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Decision Theory Definition
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Relativity Trap Definition
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Homo Economicus Definition
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Price Elasticity: How it Affects Supply and Demand
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Money Illusion Definition
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Base Rate Fallacy
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Einhorn Effect Definition