10 Questions
What is the primary focus of behavioral economics?
Studying the psychological, cognitive, and emotional factors involved in decision-making
Which fields does behavioral economics typically integrate insights from?
Psychology, neuroscience, and microeconomic theory
When did behavioral economics begin as a distinct field of study?
1970s and '80s
Which economist deliberated on how the economic behavior of individuals could be influenced by their desires?
Adam Smith
What is the status of behavioral economics as a subfield of economics?
A fairly recent development
In which century can the roots of behavioral economics be traced back to?
18th century
Who included psychological reasoning in much of their writing, though psychology was not a recognized field of study at the time?
Adam Smith
What is the primary focus of behavioral economics?
Rationality of economic agents
Which fields does behavioral economics typically integrate insights from?
Psychology, neuroscience, and microeconomic theory
When did behavioral economics begin as a distinct field of study?
1900s
Test your knowledge of the psychological, cognitive, and emotional factors that influence individual and institutional decision-making in economics. Explore how behavioral models integrate insights from psychology, neuroscience, and microeconomic theory.
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