Behavioral economic theories are used to explain most everyday decisions, such as what people buy, how they manage their finances, and whether or not they make healthy lifestyle choices.
Several disciplines fall under the broad label of behavioral science, including: In order to understand the full complexity of human behavior, some behavioral scientists synthesize theories, concepts, ...
Herding and overconfidence can be a winning combination in upward-trending markets. However, these behaviors often come at a steep cost. The combination of a belief that one can generate above ...
Economics correspondent Paul Solman helps explain Thaler's theories,… The average charge per overdraft went from $21.57 in 1998 to $31.26 in 2012. Similarly, average ATM fees more than doubled ...
Today, modern behavioral geneticists have the same basic goal as Galton: to understand the genetic and environmental contributions to individual variations in behavior. However, current theories ...