Traditional economic theories assume people are rational actors who always make decisions in their best interest, whereas behavioral economics recognizes that cognitive biases, emotions, and social factors often influence human behavior.

Authors

• Person: Dr. Dawn M. Carpenter Organization: LinkedIn
  Mind Over Money: Behavioral Economics and Financial Decision ...

Sources

• Mind Over Money: Behavioral Economics and Financial Decision ... www.linkedin.com Dr. Dawn M. Carpenter · LinkedIn via serper

Referenced by nodes (4)

• cognitive bias concept
• behavioral economics concept
• traditional economic theory concept
• Emotions concept