Behavioral Economics References

Cycle of Poverty / Poverty Trap

Dual systems of cognition

Neuroeconomics

Repugnant Transactions

Two neighboring agricultural communities, A and B, grow the same crops in similar soil and climate conditions. In Community A, farmers are granted the right to cultivate plots of land, but they cannot legally sell these plots or use them as security for loans. In Community B, farmers hold formal titles to their land, allowing them to freely sell it or use it as collateral. Observers note that farmers in Community B invest significantly more in long-term improvements like irrigation systems and modern equipment, leading to higher overall productivity. Which of the following best analyzes the primary reason for this difference in economic outcomes?

Gym Membership Decision Analysis

Retirement Savings: A Tale of Two Theories

Match each behavioral economics concept with the scenario that best illustrates it.

Classical vs. Behavioral Economic Predictions

From a behavioral economics perspective, a government policy that significantly increases the number of healthcare plan options available to citizens is guaranteed to result in more optimal choices and higher overall public welfare.

Public Policy Design for Organ Donation

Analyzing an Environmental Externality

A coffee shop randomly gives half of its customers a branded mug. Later, the shop offers to buy the mugs back from those who received one and also offers to sell identical mugs to those who did not. Researchers observe that the average price the mug owners are willing to accept to sell their mug is significantly higher than the average price the non-owners are willing to pay for the same mug. How would a behavioral economist analyze this discrepancy, and what does it challenge about classical economic theory?

Evaluating Public Policies for Water Conservation

Heuristics

Positive Feedback Loops

Cycle of Poverty / Poverty Trap

The Matthew Effect

Self-fulfilling prophecies