Asked by
harman bains
on Nov 23, 2024Verified
Which field of research is concerned with the human side of economic decisions?
A) expectancy theory
B) behavioural economics
C) buyer behaviour
D) consumer economics
Behavioural Economics
A field of study that analyzes the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Consumer Economics
A branch of economics that deals with the study of how individuals make decisions to allocate their resources over consuming goods and services.
- Understand the basics of behavioral economics and its impact on economic decisions.
Verified Answer
MM
Learning Objectives
- Understand the basics of behavioral economics and its impact on economic decisions.
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