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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Recency (Availability) Bias
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Game Theory: Definition, Role in Economics, and Examples
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Karl Marx: His Books, Theories, and Impact
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Conflict Theory Definition, Founder, and Examples
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What Is Organizational Behavior (OB)?
Explore Behavioral Economics
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Rational Choice Theory: What It Is in Economics, With Examples
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Moral Hazard vs. Morale Hazard: What's the Difference?
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Don't Let Your Animal Spirits Influence Your Important Decisions
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Tit for Tat
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Revealed Preference Definition
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All You Need to Know About the Winner's Curse
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Rational Behavior Definition
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Understanding Information Cascades in Financial Markets
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Socialism: History, Theory, & Analysis
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What Is Middle Class Income? The Latest Numbers Available
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What Does Laissez-Faire Mean?
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How the Financial Crisis Affected Millennials
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Prospect Theory: What It Is and How It Works, With Examples
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What Are the Four Types of Economic Utility?
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What Is Bioeconomics?
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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: What’s the Difference?
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Michigan Consumer Sentiment Index (MCSI)
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What Does “Investment Multiplier” Mean?
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Black Monday: History, Causes, and Aftermath
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What Is the Human Development Index (HDI)?
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How Game Theory Strategy Improves Decision Making
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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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What Is the Bandwagon Effect?
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What Is Self-Interest?
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How Did Moral Hazard Contribute to the 2008 Financial Crisis?
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The Top 3 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
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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: Knowing 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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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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What Does "Stump the Chump" Mean?
Relativity Trap Definition
Homo Economicus
If a particular good's price elasticity is high, does this mean the supplier should increase the supply, decrease it, or keep it constant?
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Money Illusion Definition
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Base Rate Fallacy
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What Is the Einhorn Effect?
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Loss Aversion Definition
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What Is the Fear and Greed Index?
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Consumer Confidence: A Killer Statistic