Examlex
When exchange rates are not in alignment, traders see opportunities for _____, which move the rates _____ equilibrium.
Nudge
A concept in behavioral economics suggesting a way to influence people's behavior and decision making subtly without limiting their choices.
Hedonic Treadmill
A theory suggesting that people continually seek higher levels of wealth, status, or possessions but do not achieve lasting increases in happiness.
Prospect Theory
A theory in behavioral economics that explores how individuals make decisions between options involving risk with uncertain outcome probabilities.
Behavioral Insights Team
A group of experts, often in government or organizations, applying behavioral science principles to design policies or interventions that improve public services and policy outcomes.
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