Examlex
Name and describe the four general categories that reduce your taxable income,therefore reducing your tax liability.
Neoclassical Models
Economic models based on the principles of neoclassical economics that emphasize rational behavior, supply and demand equilibrium, and the efficiency of markets.
Behavioral Economics
A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.
Nudges
Subtle policy or design changes aimed at influencing people's behavior in predictable ways without restricting their choices.
Heuristics
Simple, efficient rules or methods used to make judgments and decisions based on limited information, often leading to satisfactory but not always optimal solutions.
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