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The basic message of behavioral economics is that humans are hard-wired to make judgment errors and they need a nudge to make decisions that are in their own best interest.
Behavioral economics as a field of study still has merit. Over the years, its researchers have made positive contributions to economics writ large, earning many of them Nobel prizes.
The newly established Center for Heterodox Economics aims to reimagine how we measure economic progress using a more human-centered approach.
Economics is now one of the 10 most popular A-level subjects in the UK. There were more than 39,000 entries for the qualification this summer, according to new figures – up 7.3% on last year.
Students will learn about the global financial crisis in a new economics A-level to be taught from September. The course, from Pearson's Edexcel exam board, will cover factors leading up to the ...
Harvard economist and equity researcher Raj Chetty believes updating the organization and instruction of classic economics courses can improve students' understanding and engagement, particularly ...
Economics is now one of the UK’s top ten most popular A-levels, ... the biggest increase in student takeup this year at 16.7 per cent, making it the 15th most popular choice of A-level subject.
Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...
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