Behavioural Economics Theory Flashcards
1
Q
Behavioural economics
A
Deals with other factors influencing a person’s happiness when it comes to job
2
Q
Classical economics theory
A
Focuses on linear relationship between happiness and money in someone’s job, due to the fact that people follow a cost-revenue logic and think and act rationally
3
Q
What are factors that can motivate/de-motivate people in a job?
A
Aside from money, feeling useful
4
Q
read through experiment 1 and learn
A
5
Q
read through experiment 2 and learn
A
6
Q
read through experiment 3 and learn
A
7
Q
read through experiment 4 and learn
A
8
Q
How is trust augmented?
A
Through building a good reputation
