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            • Behavioural economics
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            • A branch of ECONOMICS that concentrates on explaining the economic decisions people make in practice, especially when these conflict with what conventional economic theory predicts they will do. Behaviourists try to augment or replace traditional ideas of economic rationality (homo economicus) with decision-making models borrowed from psychology. According to psychologists, people are disproportionately influenced by a fear of feeling regret and will often forgo benefits even to avoid only a small risk of feeling they have failed. They are also prone to cognitive dissonance, often holding on to a belief plainly at odds with new evidence, usually because the belief has been held and cherished for a long time. Then there is anchoring: people are often overly influenced by outside suggestion. People apparently also suffer from status quo bias: they are willing to take bigger gambles to maintain the status quo than they would be to acquire it in the first place. Traditional UTILITY theory assumes that people make individual decisions in the context of the big picture. But psychologists have found that they generally compartmentalise, often on superficial grounds. They then make choices about things in one particular mental compartment without taking account of the implications for things in other compartments. There is lots of evidence that people are persistently and irrationally overconfident. They are also vulnerable to hindsight bias: once something happens they overestimate the extent to which they could have predicted it. Many of these traits are captured in PROSPECT THEORY, which is at the heart of much of behavioural economics. The Economist
          • Example sentence(s)
            • Behavioral economics blossomed from the realization that neither point of view was correct. - Library Economics Liberty by
            • Behavioral economics explains why we procrastinate, buy, borrow, and grab chocolate on - Harvard Magazine by
            • Economics orthodoxy may look down on behavioral economics, but it's the most important development in economics in a long time. - The Christian Science Monitor. by
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    • Romanian
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            • economia comportamentală
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            • Economia comportamentală studiază felul concret în care oamenii fac alegeri în fiecare zi, punând în discuție postulatele economice tradiționale și bazându-se pe experimente de teren și de laborator pentru investigarea motivațiilor concrete ale deciziilor oamenilor. Această disciplină ar putea explica de ce oamenii nu se comportă întotdeauna în mod egoist (de ex. donează bani), de ce nu acționează întotdeauna în modul cel mai logic din punct de vedere economic (de ex. păstrează un furnizor de energie mai scump în loc să îl schimbe cu un concurent mai ieftin) sau de ce atribuie unor obiecte o valoare mai mare decât altora care au aceeași valoare reală. europa.eu - by George C.
          • Example sentence(s)
            • Economia comportamentala ia în calcul toate fluctuatiile rationalitatii umane, fie ca este perturbata de emotii, efectul de turma, tehnici de marketing sau pur si simplu incapacitatea lor de a face calcule economice. În ultimii ani, economia comportamentala ofera solutii pentru o varietate de probleme de zi cu zi, de la obezitate si diferite forme de dependenta, incapacitatea de a urma cu rigoare un tratament medical sau chiar încalzirea globala. - agrimanagement.ro by George C.
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    • French
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            • Économie comportementale
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            • L'économie comportementale est un champ de la science économique qui étudie le comportement des êtres humains dans les situations économiques. Wikipedia - by Cizc
          • Example sentence(s)
            • L'économie comportementale est un domaine de connaissance qui étudie comment les individus et les institutions font leurs choix économiques, et les conséquence de ceux-ci. - pagesperso-orange by Cizc
            • L'économie comportementale est un champ récent de la science économique qui étudie le comportement des êtres humains dans des situations économiques variées. - agro-montpellier.fr by Cizc
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    • German
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            • Die Verhaltensökonomik
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            • Die Verhaltensökonomik (engl. Behavioral Economics) ist ein Teilgebiet der Wirtschaftswissenschaft. Sie beschäftigt sich mit menschlichem Verhalten in wirtschaftlichen Situationen. Dabei werden Konstellationen untersucht, in denen Menschen im Widerspruch zur Modell-Annahme des Homo oeconomicus, also des rationalen Nutzenmaximierers, agieren. Wikipedia - by Kim Metzger
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    • Latvian
      • Economics
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            • uzvedības ekonomika
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            • Uzvedības ekonomika pēta, kā cilvēki pieņem ikdienas lēmumus, tā pārskata tradicionālos ekonomikas pieņēmumus un izmanto vietējus un laboratorijas eksperimentus, lai noskaidrotu cilvēku lēmumu faktisko pamatojumu. European Union - by Laine Zunte
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            • ES patērētāju komisāre Meglena Kuneva šodien konferencē Briselē uzņēma augsta līmeņa akadēmiskos, uzņēmējdarbības un politikas ekspertus, lai runātu par to, kā uzvedības ekonomika var ietekmēt patērētājiem labāk pielāgotas politikas izstrādi. Uzvedības ekonomika ir salīdzinoši jauna, taču ātri augoša disciplīna, kurā apvienota ekonomikas un eksperimentālā pētniecība par uzvedību, lai uzzinātu un izskaidrotu, kādēļ patērētāji iepērkas tā, kā viņi iepērkas, kas ietekmē viņu pirkšanas lēmumus un kā šie lēmumi ietekmē tirgu. Lai uzlabotu Eiropas ekonomikas sniegumu un veicinātu konkurenci, ir nepieciešami par sevi pārliecināti patērētāji. Tomēr pašreizējā tirgus sarežģītība var ierobežot patērētāju spējas pieņemt optimālus lēmumus. Šodienas konferencē galvenā uzmanība tiks pievērsta piemēriem, kuros uzvedības ekonomika jau ir ļāvusi izstrādāt labāku politiku, kurā ir ņemta vērā šī sarežģītība, un dalībnieki tiks aicināti debatēt par to, kā uzvedības ekonomika var turpmāk palīdzēt izstrādāt ES tiesību aktus. Šis notikums varētu būt sākums arvien biežākai ar uzvedību saistītu instrumentu izmantošanai, lai uzlabotu politikas veidošanu Eiropā. - European Union by Laine Zunte
            • «Bailes zaudēt naudu ir plaši izplatītas un labi izpētītas uzvedības ekonomikā (behavioral economics), taču šķiet, ka šis ir tas unikālais gadījums, kad šādu baiļu nav vispār,» – izteicies Benedtto de Martino (Benedetto De Martino), Caltech praktikants un publikācijas par eksperimentu vadošais autors. - Apollo news channel by Laine Zunte
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