Linked from

The 67 pages that link to Behavioral economics, each with the reason it gives.

• Opportunity costNarrower topic: Framing and cognitive biases can make people misjudge the alternatives they are giving up.

• Consumer surplusRelated: Reference dependence and inconsistent choices challenge the idea of a stable willingness to pay.

• Mechanism designCompared with: Mechanism predictions can change when participants depart from the assumed strategic model.

• Supply and demandCompared with: Its findings challenge the model’s assumption that preferences and choices behave consistently.

• Surveillance capitalismRelated: Its insights into decision-making help explain why predictions about behavior can have commercial value.

• Prospect theoryNarrower topic: Prospect theory became a foundational model in this broader field.

• Institutional economicsCompared with: It focuses on individual decision-making biases, while institutional economics foregrounds rules and social arrangements.

• Neoclassical economicsCompared with: It tests the framework’s assumptions about consistent preferences and rational choice.

• Human natureRelated: Observed biases and cooperation complicate models based on perfectly self-interested choice.

• Marginal UtilityCompared with: Observed choices can depart from the stable, consistent preferences assumed in simple marginal-utility models.

• Daniel KahnemanNarrower topic: Kahneman’s research helped bring psychological evidence into economic theories of choice.

• Reward systemRelated: Choice models examine how reward values and effort costs guide behavior.

• Bounded rationalityNarrower topic: Bounded rationality is a major foundation for behavioral accounts of economic choice.

• London School of EconomicsRelated: It exemplifies LSE’s use of evidence about people to refine economic analysis.

• Risk aversionNarrower topic: Its evidence tests whether stable utility curvature adequately explains actual risk-taking.

• ScarcityNarrower topic: Scarcity can alter attention and decision-making in ways standard choice models may not capture.

• Revealed preferenceRelated: Its findings challenge the assumption that observed choices consistently reveal stable preferences.

• Amos TverskyNarrower topic: Tversky’s findings helped establish psychological judgment as a foundation for economic models.

• Willingness to payNarrower topic: Framing, defaults, and biases can shift stated or revealed willingness to pay.

• Behavioral financeNarrower topic: Behavioral finance applies this broader approach specifically to financial choices and markets.

• Nudge theoryNarrower topic: It provides much of the empirical foundation for the biases and patterns nudges target.

• Agricultural economicsCompared with: It complements standard farm-choice models by examining how real producers and consumers make decisions.

• Consumer choiceRelated: It examines why actual choices can depart from standard rational-choice predictions.

• EconomicsCompared with: It tests assumptions about consistent preferences and calculation in economic models.

• Loss aversionNarrower topic: Loss aversion is one of its widely studied explanations for departures from standard economic models.

• Economic anthropologyRelated: It also questions idealized rational-choice assumptions, using experimental and psychological evidence.

• Health behaviorRelated: Defaults, incentives, and present bias can shift health choices without changing knowledge.

• Information economicsCompared with: It focuses on limits and biases in decision-making, while information economics emphasizes knowledge and incentives.

• Intertemporal choiceNarrower topic: It examines systematic departures from consistent, fully planned intertemporal choice.

• MarginalismCompared with: Its evidence tests marginalist models of consistent, optimizing choice.

• Allais paradoxNarrower topic: Allais’s findings helped establish systematic departures from standard rational-choice predictions.

• Gambler’s fallacyNarrower topic: The fallacy is a documented bias that can influence decisions under uncertainty.

• Heuristic (cognitive psychology)Narrower topic: Heuristic judgment helps explain departures from idealized models of economic choice.

• IncentiveNarrower topic: It explains why actual responses to incentives can depart from simple payoff calculations.

• Endowment effectNarrower topic: The endowment effect is a standard example of systematic departures from stable-value models.

• Economic sociologyCompared with: It explains departures from rational choice psychologically, while economic sociology emphasizes social contexts.

• Experimental economicsNarrower topic: It supplies models that experiments can test against standard assumptions.

• Richard ThalerNarrower topic: The field Thaler helped establish by challenging assumptions of consistently rational choice.

• Invisible handRelated: Observed choices can depart from the rational, informed behavior often assumed in simplified accounts.

• Personal financeNarrower topic: It explains why financial choices can depart from the assumptions of consistently rational planning.

• History of Economic ThoughtCompared with: It questions the fully rational choice assumptions used in many economic theories.

• Robert AumannCompared with: Aumann’s formal results generally begin with rational agents, making behavioral departures a useful comparison.

• Business economicsCompared with: It challenges models that assume consistently rational choices by managers, workers, or customers.

• Cultural economicsRelated: It can explain cultural choices that depart from standard preference models.

• Family economicsCompared with: It questions assumptions of consistent preferences and calculation in family decision-making.

• Human behaviorRelated: It examines predictable departures from idealized rational choice.

• Maurice AllaisNarrower topic: The Allais paradox helped establish a research program grounded in systematic departures from expected utility.

• MicroeconomicsRelated: It tests where actual choices depart from standard models of rational decision-making.

• Political psychologyRelated: It shares tools for studying bias and judgment but centers economic decisions.

• Richard PosnerRelated: Posner engaged with its challenge to the rational-choice assumptions used in economic analysis.