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Economics: Traditional & Behavioural: System Thinking 1 &2 April 12, 2016

Posted by OromianEconomist in 10 best Youtube videos, 25 killer Websites that make you cleverer, Economics.
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Odaa OromooTraditional  and  Behavioural Economics, System Thnking 1 and 2

 

Traditional economics views humans as robotic machines who make calculated decisions based on logic. In contrast, behavioural economics views humans as irrational and emotional beings who are influenced by biases and experience when making decisions. This infographic takes a closer look at just what behavioural economics is and how it can be used.

Read more at:- https://www.b2binternational.com/publications/what-is-behavioural-economics/

 

Related:-

10 key economic concepts

10 key economic concepts

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