Behavioral Economics: Comparison
Please note this is a comparison between Version 2 by Nora Tang and Version 1 by Robert Siegel.

Behavioral economics (BE) is a relatively new field within the discipline of economics. It harnesses insights from psychology to improve economic decision making in ways that have the potential to enhance good health and well-being of both individuals and societies, the third of the United Nations Sustainable Development Goals (UNSDG). While some of the psychological principles of economic decision-making were described by Adam Smith as early as the 1700s, BE emerged as a discipline in the 1970s because of the groundbreaking work of psychologists Daniel Kahneman and Amos Tversky.

  • behavioral economics
  • UNSDG 3
  • economic decision making in health care
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References

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