What is Behavioral Economics?

What Is Behavioral Economics, and Where Are the Free Lunches?

• Category

  Education

[THOUGHTFIELDS]

yes. the rational assumptions in classical economic theory really need some tweaking; we learn from cognitive psychology and critical thinking, prejudices and biases cloud our so-called rational judgments and decision-making all the time; simply put, its a safe assumption to make that humans are irrational by default, and only rational with applied effort and under the right conditions, notably, when the mind is very calm and at ease.

[cbebutuoy]

"In his senior year of high school, he was active in Hanoar Haoved Vehalomed, an Israeli youth movement. While preparing a ktovet esh (fire inscription) for a traditional nighttime ceremony, the flammable materials he was mixing exploded, causing third-degree burns over 70 percent of his body.[3] In his writings Ariely describes how that experience led to his research on "how to better deliver painful and unavoidable treatments to patients."[4]

[vcvitiko]

He is there for a reason..he is one of the best at what he do.

[FromLilithsLips]

I feel sorry for you.

[xuimod]

Guy has a little bit of Bell's Palsy going on. Its a bit distracting tbh. They could have used a better spokesperson.

[George Dolack]

Cool vid. Guy needs a new tie. Anyways, most of America acts like Homer Simpson because we are never taught in school about when things end. We are so concerned about picking people up when they fall, that when you actually hit rock bottom or financial collapse we just look for the next handout or bailout.

[vin c]

I was thinking of becoming a psychology major but for some reason I keep coming back to economics from when I was a high school student. I like how psychology gives me the the know how for understanding how people really act in a world like ours but this sounds interesting! How would you go about entering this kind of field?