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Cognitive Biases
Systematic patterns of deviation from norm or rationality in judgment, whereby individuals create their own "subjective social reality."
Behavioral Economics
A field that combines insights from psychology and economics to explore how people make decisions, often deviating from the assumptions of traditional economic theory.
Neoclassical Economics
An economic approach that analyzes market mechanisms and the allocation of resources through supply and demand, focusing on rational choices and equilibrium.
Behavioral Economics
A field of economics that studies how psychological, social, cognitive, and emotional factors affect the economic decisions of individuals and institutions.
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