have long recognised that investor perceptions affect financial markets in predictable ways.
DALLAS, May 15, 2015 /PRNewswire/ -- As the federal government and behavioral economists
zero in on smoking cessation in light of growing usage and health concerns, a recent HealthMine survey of 750 wellness program participants indicates that only 37% say smoking cessation programs are included in their plan.
However, many behavioral economists
believe that undesired weight gain is the result of unconscious and irrational decisions that result from psychological, social, cognitive, and emotional factors.
While the prevailing classical economics mindset puts reason at the center of people's fiscal actions, behavioral economists
believe that rational considerations actually account for less than one-third of human decisions and behaviors.
Matching the timing of estimated payments with the inflow of taxpayer funds could be the key to helping clients meet this challenge, according to "mental accounting" academics and behavioral economists
Greenspan, like many behavioral economists
, is quick to blame market actors for irrational choices rather than asking whether policy makers have distorted signals or incentives in ways that lead rational actors to bad outcomes.
are learning more about the choices people make at the individual level.
Working with law school researchers at Fordham and Stanford universities, computer scientists and behavioral economists
at Carnegie Mellon will teach computer systems how to read and evaluate the lengthy, often-confusing and subject-to-change privacy policies now posted by major websites.
As we learning from the work of neuroscientists, psychologists, behavioral economists
, and others, humans--even humans with PhDs--reach decisions by various routes.
have emphasized that in important contexts,
To some behavioral economists
, a division of labor is suggested by the fact that matching has generally been the province of psychologists rather than economists.
These and related issues--intertemporal choice (more on this later), emotional biases in decision-making, human motivation and irrationality--are also concerns for behavioral economists