The field of economics that draws on insights from psychology to expand models of individual decision-making is ________ economics.
A) psychology
B) behavioral
C) personality trait
D) activity-based
E) decision-making optimization

Question

Quizplus · Accepted Answer

Behavioral economics draws on insights from psychology to expand models of individual decision-making, focusing on how individuals deviate from rational decision-making in predictable ways due to cognitive biases and social influences.

The Field of Economics That Draws on Insights from Psychology