Behavioural Economics

Pronunciation: /bɪˈheɪvjərəl ˌiːkəˈnɑmɪks/

Definitions of behavioural economics

noun a branch of economics that combines insights from psychology and economics to explore how individuals make decisions

Example Sentences

A1 Behavioural economics studies how people make decisions.

A2 Behavioural economics examines the psychological factors that influence economic choices.

B1 Understanding behavioural economics can help businesses design more effective marketing strategies.

B2 Behavioural economics has become increasingly important in shaping public policy.

C1 Experts in behavioural economics analyze complex consumer behaviors to improve market outcomes.

C2 The field of behavioural economics continues to evolve as researchers discover new insights into human decision-making.

Examples of behavioural economics in a Sentence

formal The study of behavioural economics examines how psychological factors influence economic decisions and outcomes.

informal People's spending habits are often studied in the field of behavioural economics.

slang In the world of money, behavioural economics is all about how our brains mess with our wallets.

figurative Understanding behavioural economics is like peeking behind the curtain of our financial choices.

Grammatical Forms of behavioural economics

• past tense: studied
• plural: behavioural economics
• comparative: more behavioural economics
• superlative: most behavioural economics
• present tense: studies
• future tense: will study
• perfect tense: has studied
• continuous tense: is studying
• singular: behavioural economic
• positive degree: behavioural economics
• infinitive: to study behavioural economics
• gerund: studying behavioural economics
• participle: studied behavioural economics

Origin and Evolution of behavioural economics

First Known Use: 1979 year

Language of Origin: English

Story behind the word: The term 'behavioural economics' originated from the combination of psychology and economics to study how individuals make economic decisions.

Evolution of the word: Initially, behavioural economics was considered a subfield of economics that incorporated insights from psychology. Over time, it has grown into a distinct discipline that focuses on understanding the cognitive and emotional factors that influence economic decision-making.