Behavioral economics and behavioral momentum

Behavioral Economics Introduction: Definitions and Naming Problems in Behavioral Economics

Behavioral Economics

Behavioral Economics is the combination of psychology and economics that investigates what happens in markets in which some of the agents display human limitations and complications. We begin with a preliminary question about relevance. Does some combination of market forces, learning and evolution render these human qualities irrelevant? No. Because of limits of arbitrage less than perfect age...

Behavioral economics

Behavioral economics uses evidence from psychology and other social sciences to create a precise and fruitful alternative to traditional economic theories, which are based on optimization. Behavioral economics may interest some biologists, as it shifts the basis for theories of economic choice away from logical calculation and maximization and toward biologically plausible mechanisms.

Behavioral economics and aging

Aging populations represent a growing health and economic challenge for many countries. While economists have studied aging extensively, the issue of aging has received less direct attention from the relatively younger field of behavioral economics. Nonetheless, many of the best-understood policies proposed by behavioral economics have implications for aging. In this paper, I review theoretical...

Law and Behavioral Economics

Although the impact of economics on the analysis and practice of law is beyond any reasonable doubt, such impact and influence has been decreasing over time. This may be partly due to the fact that many economists seem to have forgotten the practical goals with which the field of law and economics was endowed. But it may also be due to the fact that researchers in behavioral economics found an ...