Behavioral economics is grounded in empirical observations of human behavior, which demonstrate that individuals do not always make the rational or optimal decision even when they possess the necessary information and tools.

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