behavioral-economics - Concepts

Explore concepts tagged with "behavioral-economics"

Total concepts: 4

Concepts

Choice Architecture - The design of how choices are presented, which profoundly influences the decisions people make.
Hyperbolic Discounting - Preferring smaller immediate rewards over larger future rewards.
Prospect Theory - A behavioral economics framework showing that people value gains and losses asymmetrically, with losses hurting more than equivalent gains please.
Temporal Discounting - The behavioral economics concept of reduced valuation of rewards as they are delayed in time.