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Behavioral economics as a field of scientific knowledge in modern economics

Behavioral economics as a field of scientific knowledge in modern economics

Journal of Economic Regulation, , Vol. 5 (no. 2),
p. 62-69

The author reviews the main aspects of behavioral economics, describes the most significant behavioral abnormalities associated with bounded rationality of economic agents. The new tools for analyzing economic decision-making by limitedly rational entities are offered. The possibilities of using these studies to optimize the process of forecasting economic events, behavior of economic entities and adjustments through certain techniques of labor management behavior at different levels of the economic system are disclosed.

Keywords: behavioral economics; bounded rationality; intrinsic motivation; trust; justice

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Publisher: Ltd. "Humanitarian perspectives"
Founder: Southern Federal University
ISSN: 2078-5429