- Behavioral Economics Books
- Behavioral Economics Papers
- Behavioral Economics Websites
- Articles on Heuristics

Behavioral Economics References

the effects of psychological, cognitive, cultural and social factors on the decisions and behaviors of individuals and institutions. These decisions often vary from what classic economic theory predicts.

Behavioral Economics

Steven D. Levitt is an American economist known for his work in applying economic theory to diverse, real-world subjects not traditionally analyzed through an economic lens. He is a co-author of the best-selling book 'Freakonomics,' which explores topics like crime, parenting, and cheating using data analysis and the concept of incentives. In academic circles, he is also recognized for his research in experimental economics, such as his 2007 paper with John List that examines the external validity of social preferences measured in laboratory settings.

Steven Levitt

Bounded rationality is a theory of human decision-making that proposes that people's rationality is limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision. Unlike models of perfect rationality, which assume individuals can optimize their choices, bounded rationality suggests that people often resort to 'satisficing'—choosing an option that is 'good enough' rather than the absolute best—due to these constraints.

Bounded Rationality

Behavioral economics studies the effects of psychological, cognitive, cultural and social factors on the decisions of individuals and institutions and how those decisions vary from what classic economic theory predicts.

Learn After