Unveiling the Human Mind: How Behavioral Economics is Changing Decision-Making
Understanding how people make decisions in economics is complex. Behavioral economics looks at how our minds affect our choices, considering biases and emotions. This approach challenges the idea that people always make rational decisions to maximize benefits. By combining insights from psychology, sociology, and other fields, we can better understand human behavior in economics. This multidimensional and interdisciplinary approach helps us see the limits of traditional economic models and provides a more realistic view of decision-making processes.