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Economic Behavior
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. The study of behavioral economics includes how market decisions are made and the mechanisms that drive public opinion. The concepts used in behavioral economics today can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nudge
Nudge or Nudging may refer to: Arts * Nudge (band), an American electronic rock band * Nudge, a character from the Maximum Ride series by James Patterson * "Nudge Nudge", a sketch from the third ''Monty Python's Flying Circus'' * Gerald "Nudge" Noritis, a character from the Australian sitcom '' Hey Dad..!'' Psychology * ''Nudge'' (book), a book on choice architecture by Richard Thaler and Cass R. Sunstein ** Nudge theory, a psychological theory on influencing individuals and groups to take action without force Science and technology * Nudge (instant messaging), an attention-getting feature in instant messaging software * Nudging, a data assimilation method also known as Newtonian relaxation Model railways * Nudging, a discrete push or prod which brings station canopies and other railway structures out of alignment. Originally used to describe an unintentional action, now also describes intentional covert action. Other * "The Nudge", a nickname for rock star Ted Nugent * "Nud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francis Edgeworth
Francis Ysidro Edgeworth (8 February 1845 – 13 February 1926) was an Anglo-Irish philosopher and political economist who made significant contributions to the methods of statistics during the 1880s. From 1891 onward, he was appointed the founding editor of ''The Economic Journal''. Life Ysidro Francis Edgeworth- the order of his forenames later reversed- was born in Edgeworthstown, County Longford, Ireland, son of Francis Beaufort Edgeworth and his wife, Rosa Florentina, daughter of Catalan general Antonio Eroles. Francis Beaufort Edgeworth, when "a restless philosophy student at Cambridge on his way to Germany", had met Rosa, a teenage Spanish refugee, on the steps of the British Museum, and they subsequently eloped. Francis Beaufort Edgeworth was son of the politician, writer, and inventor Richard Lovell Edgeworth (father also of the writer Maria Edgeworth), by his fourth wife, the botanical artist and memoirist Frances Anne, daughter of the Anglican clergyman and geog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
