behavioral economics

  

Definition

A theory stating that there are important psychological and behavioral variables involved in the economic decisions of consumers or countries.

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  • You should do some research on the behavioral economics theory to figure out if it can help your business grow.

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  • I studied behavioral economics and thought that I was really smart and could predict anything that involved that kind of economics.

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  • You need to have a good understanding of behavioral economics to know how to react and prepare for all situations.

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