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Behavioural economics

This class was created by Brainscape user patrick doyle. Visit their profile to learn more about the creator.

By: patrick doyle
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Decks in this class (7)

Rational choice theory
What is rational choice theory,
Expected utility theory,
Axioms optimisation
9  cards
Behavioural insights
Bounded rationality,
Why bounded rationality,
Consumers follow heuiristics
4  cards
Heuristics
Anchoring,
Availability
2  cards
Cognitive biases
Bias definition,
Endowment effect,
Present bias
10  cards
Behavioural insights as a policy (improving market efficiency)
Defaults,
Defaults pt2,
Framing effect
6  cards
Policy examples (impact of behavioural insights on policy and market efficiency)
Insurancewhy important market fai...,
Insurance,
Savings why important
28  cards
Evaluating Behavioural Policies
General evaluation from mark scheme,
Ethics,
Ethics liberty
9  cards

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Behavioural economics

  • Class purpose General learning

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