Behavioral economics uses concepts and theories from the field of _____ to explain _____, the systematic patterns in behavior that lead to consistently erroneous decisions.

Name: Behavioral economics uses concepts and theories from the field of _____ to explain _____, the systematic patterns in behavior that lead to consistently erroneous decisions.
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Question

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Behavioral economics integrates psychology to understand cognitive biases, which are systematic patterns in decision-making that deviate from rationality.

Behavioral Economics Uses Concepts and Theories from the Field of _____