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Category: Behavioral Economics

Behavioral Economics = Psychology + Economics

Posted on January 29, 2022 by astoltz

Psychology is used by economists to explain individual human behavior when an economic model cannot predict or explain a person’s decision. To help explain an individual’s decision, it’s helpful to understand the thought process and emotions that go along with making a decision. The study of psychology and its relation to economics is called behavioral…

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Ana Stoltz
Ana Stoltz
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