noun
a branch of economics that combines insights from psychology and economics to explore how individuals make decisions
-
The study of behavioural economics examines how psychological factors influence economic decisions and outcomes.
-
People's spending habits are often studied in the field of behavioural economics.
-
In the world of money, behavioural economics is all about how our brains mess with our wallets.
-
Understanding behavioural economics is like peeking behind the curtain of our financial choices.