The theory of choice in behavioral economics

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dc.contributor.authorJulakidze, Merab
dc.date.accessioned2019-11-13T10:50:15Z
dc.date.available2019-11-13T10:50:15Z
dc.date.issued2018
dc.description1. Simon, Herbert A. 1987. “Behavioural economics.” The New Palgrave: A dictionary of Economics 1: 221-34. 2. Thaler, Richard H. 2015. Misbehaving: The Making of Behavioral Economics. New York: W.W. Norton&Company. 3. Thaler, Richard H. 2004. “Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving.” Journal of Political Economy 112(1):S164-87. 4. Thaler, Richard H., and Cas R. Sunstein.2008. Nudge: Improving Decision about Health, Wealth and Happiness. London: Penguin.en_US
dc.description.abstractThe article discusses the essence of Behavioral Economics, which is integration of Economics and Psychology, it discusses how people think and act when making economic decisions, it learns three basic characteristics of economic analyses: limited rationality, perceptions about fairness, and lack of self-control, analyzes mental accounting system, role of Nudging, pension plan: Save More Tomorrow, Libertarian Paternalism, and finally, it supports by evidence the necessity of using behavioral economic approaches and principles when doing economic analyses in the process of defining economic policy.en_US
dc.identifier.citationIII International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2018, pp. 536-541en_US
dc.identifier.isbn978-9941-13-764-8
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/424
dc.language.isogeen_US
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectBehavioral Economics; The Theory of Choice; Mental accounting system; Nudging; Save more tomorrow; Libertarian Paternalismen_US
dc.titleThe theory of choice in behavioral economicsen_US
dc.typeArticleen_US
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