Economists' and psychologists' attempts to understand and explain why people make decisions that appear to be irrational is the field of study called _____ economics

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Behavioral economics is the field of study that combines economic theory and psychology to understand and explain why people make decisions that appear to be irrational. It seeks to explain how people’s emotions, biases, and cognitive limitations affect their economic decisions, rather than assuming people always act rationally.

Economists' and Psychologists' Attempts to Understand and Explain Why People