asked 214k views
1 vote
Define behavioral Economics and explain why it is different from traditional economics.

asked
User Stutje
by
8.4k points

1 Answer

10 votes

Answer:

Behavioral economics differs from traditional economics by incorporating insights from psychology. ... Behavioral economics assumes that the context in which a decision is made has an enormous effect on the decision or preference.

Hope this helps, have a wonderful day/night, and stay safe!

answered
User Xetera
by
7.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.