Behavioral Economics versus Traditional Economics: Are They Very Different?
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More about this item
KeywordsChoice; sunk cost fallacy; relative price ratio (rate of return); prospect theory; endowment effect.;
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D9 - Microeconomics - - Micro-Based Behavioral Economics
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-EVO-2019-10-28 (Evolutionary Economics)
- NEP-HPE-2019-10-28 (History & Philosophy of Economics)
- NEP-UPT-2019-10-28 (Utility Models & Prospect Theory)
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