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Your friend Amy has just failed her psychology test and does not understand how this could have happened. She reminds you that she looked over her notes while you were both watching television last night and then stayed up three more hours cramming in all those "terms" that are so hard to remember by recopying her notes. Amy finally says that "perhaps she studied too much and got confused." After reading about the reflective study strategies, explain how Amy can improve her study habits.
Behavioral Economics
An area of economic research that incorporates psychological insights into human behavior to explain economic decision-making.
Rational Economics
An approach to economics that assumes individuals make decisions based on logical evaluation of available information, aiming for maximum utility.
Learned Behavior
Actions or reactions that an individual acquires through experience or by being taught.
John Maynard Keynes
A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
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