Behavioral economics characterizes people as human beings subject to emotion and impulsivity, and who are influenced by their environments and circumstances, contrasting with traditional economic models that treat people as purely rational actors with perfect self-control.

Authors

• Person: Not available Organization: University of Chicago
  Behavioral economics, explained - UChicago News

Sources

• Behavioral economics, explained - UChicago News news.uchicago.edu University of Chicago via serper

Referenced by nodes (1)

• behavioral economics concept