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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How Tit-for-Tat Strategies Work
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Revealed Preference
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Winner's Curse Definition
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Rational Behavior Definition
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Understanding Information Cascades
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Socialism Definition
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Which Income Class Are You?
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Laissez-Faire
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How the Financial Crisis Affected Millennials
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Prospect Theory
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What are the Four Types of Economic Utility?
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Bioeconomics Definition
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What are some examples of moral hazard in the business world?
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Consumer Spending
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Behavioral Finance
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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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Investment Multiplier
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Black Monday Definition
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Human Development Index - HDI
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How Game Theory Strategy Improves Decision Making
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Over the Top (OTT)
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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
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Bandwagon Effect
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Self-Interest
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How did moral hazard contribute to the 2008 financial crisis?
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The Top Three Financial Centres in the World
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Anchoring and Adjustment
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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/Monte Carlo Fallacy
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Wisdom of Crowds
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New Growth Theory
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Understanding Marginal Propensity to Consume vs. Marginal Propensity to Save
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Peer-to-Peer (P2P) Service
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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
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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
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Reflexivity
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Consumer Sentiment
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Shakeout
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Mental Accounting
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The Importance Of Millennial Consumers
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Endowment Effect
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Stump the Chump Definition
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Decision Theory
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Relativity Trap
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Homo Economicus
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Price Elasticity: How it Affects Supply and Demand
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Money Illusion
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Base Rate Fallacy
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