Behavioral Economics

2 articles

• Behavioral Economics Revisited: Nudges, the Decoy Effect, Hyperbolic Discounting, Veblen Goods and the Savanna Principle Nudges that change choices with a single default, decoys that sway judgement, hyperbolic discounting that overweights the present, Veblen goods that sell better the pricier they get. Famous behavioral-economics concepts, organised with the original studies and the follow-ups.
• The Psychology of Money: A Complete Guide to Changing Your Financial Patterns A deep dive into money scripts, emotional spending patterns, the behavioral economics biases that shape our financial decisions, and the psychological barriers standing between you and financial freedom — plus what research says about money and happiness.