Showing results for "behavioral economics"

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Tech & Science dictionary results for behavioral economics.

behavioral economics

American  

[bih-heyv-yer-uhl ek-uh-nom-iks, eekuh-] / bɪˈheɪv jər əl ˌɛk əˈnɒm ɪks, ˌikə- /

noun

(used with a singular verb)

1. the branch of economics dealing with the effects of psychological, emotional, cultural, and social factors on individual or group economic decision-making, as distinguished from classical economics, which assumes that people will make the optimal economic decisions based on rational self-interest and utility.

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Etymology

Origin of behavioral economics

First recorded in 1955–60

Example Sentences

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behavioral economics

A clear illustration of this behavior comes from one of the most-cited studies in the behavioral economics field.

From MarketWatch ● Jun. 9, 2026

"We used a mathematical model and tools from game theory and behavioral economics to understand the motivations behind tipping," says Dr. Snitkovsky.

From Science Daily ● Mar. 2, 2026

The optimal New Year’s resolution works with human nature rather than trying to defy it, respecting the limits of motivation and leveraging the power of behavioral economics.

From The Wall Street Journal ● Dec. 30, 2025

As Mr. Thaler reports, “despite the empirical robustness and conceptual importance of these findings, insights from behavioral economics remain largely absent from mainstream economics textbooks.”

From The Wall Street Journal ● Dec. 26, 2025

Thomas Piketty and his colleagues work on economic inequality, Alan Krueger and David Card work on minimum wage, Kahneman works on behavioral economics.

From Salon ● Feb. 1, 2025