Behavioral economists have established psychological research as a source of economic knowledge by using the traditional utility-maximizing model as a baseline and incorporating behavioral elements, while utilizing empirical methods like natural experiments and randomized controlled trials.

Authors

• Person: Beatty A, Moffitt R, Buttenheim A Organization: National Academies Press
  Development of Behavioral Economics - NCBI - NIH

Sources

• Development of Behavioral Economics - NCBI - NIH www.ncbi.nlm.nih.gov Beatty A, Moffitt R, Buttenheim A · National Academies Press via serper

Referenced by nodes (1)

• behavioral economics concept