Behavioral Economics
The study of psychology as it relates to the economic decision-making processes of individuals and institutions.
160 topics found for
“cognitive processes”
Hofstadter’s Law
A principle that states tasks always take longer than expected, even when considering Hofstadter's Law itself.
Herd Behavior
The tendency for individuals to mimic the actions of a larger group, often leading to conformity and groupthink.
Expected Utility Theory
A theory in economics that models how rational individuals make decisions under risk by maximizing the expected utility of their choices.
Centre-Stage Effect
The tendency for people to pay more attention to items placed in the center of a visual field.
Persuasion Architecture
A strategic framework that designs user experiences to guide behavior and decisions towards desired outcomes.
Behavioral Finance
The study of how psychological influences affect financial behaviors and decision-making.