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Behavioral economics introduces ideas from the field of psychology into conventional economic analysis.

The field's origins lie in explaining "anomalies" in individual decision making, but its insights and tools are increasingly becoming part of the standard economic toolkit. They enable economists to derive new predictions, new policy recommendations, and new welfare implications, across fields including labor economics, public finance, development, macroeconomics, game theory, and many more.
 

Related research subject

Economics
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Researchers

Jonathan de Quidt

Assistant Professor

Institute for International Economic Studies
Jonathan de Quidt

Yanick Sebastian Tebbe

Graduate Student

Institute for International Economic Studies
Sebastian Tebbe