Can Behavioural Economics solve particular social and economic problems?

(Click here) Can Behavioural Economics solve particular social and economic problems?

Behavioural Economics is an increasingly researched discipline because it incorporates elements from psychology to explain why people make seemingly irrational decisions. It aims to undercut the ‘homo economicus’ assumption, that human beings make rational choices in their own interest, to reveal how people really are. This paper will look at three current social and economic problems and examine how Behavioural Economics can resolve them.

Contributed by Wafiq Islam

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