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Meaning of behavioral economics | Babel Free

Noun CEFR B2

Definitions

A field of economic analysis concerned with the influence of psychological factors on the economic decision making of individuals or institutions.

uncountable

Examples

“Now Canada is looking into this growing field of behavioural economics. […] Supporters view behavioural economics as a complement to classical economics, which assumes people make rational, well-informed decisions that are in their best interest.”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

behavioral economist behavioral force behavioral objective behavioral pattern behavioral psychology behavioral science