Behavioral Economics as a New Economics Field
Keywords:
behavioral economics, economic analysis, policy
Abstract
Behavioral economics joined science as a new avenue in the 1970s and 1980s. The article covers the essence, historical evolution, and theoretical underpinnings of behavioral economics, as well as theoretical and practical aspects connected to behavioral economics. The parallels and contrasts between the theories advanced by members of the behavioral economics school and those of classical economics are explored, as well as economic decision-making and its efficacy. The author recommends having scientific and practical expertise in integrating behavioral economics principles to economics.
References
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15. Eshpulatov , D. (2022). Analysis of the organizationaleconomic mechanism to improve the sustainability of economic growth in agriculture. science and innovative development, 5(6), 104–122. Retrieved from https://indep-ilm.uz/index.php/journal/article/view/340
2. Baddeley, Michelle. 2017. Behavioural Economics: A Very Short Introduction. Vol. 505. Oxford University Press.
3. BAL, Yasemin, And Mustafa Ercan Kiliç. 2019. ‘Çevre Duyarliliğinin Oluşmasinda Davranişsal Yaklaşimlar’. Malatya: İnönü Üniversitesi.
4. Kahneman, Daniel. 2003. ‘A Psychological Perspective on Economics’. American Economic Review 93 (2): 162–68.
5. Matson, Erik W., and Malte Dold. 2021. ‘The Behavioral Welfare Economist in Society: Considerations from David Hume’. Review of Behavioral Economics 8 (3–4): 239–58.
6. Selby-Bigge, Lewis Amherst, and Hume David. 1964. A Treatise of Human Nature by David Hume. Vol. 2. Рипол Классик.
7. Smith, Vernon L. 1982. ‘Microeconomic Systems as an Experimental Science’. The American Economic Review 72 (5): 923–55.
8. Sunstein, Cass R. 2016. The Ethics of Influence: Government in the Age of Behavioral Science. Cambridge University Press.
9. Thaler, Richard H., and Cass R. Sunstein. 2019. ‘Nudge Improving Decisions about Health Wealth and Happiness’.
10. Tversky, Amos. 1972. ‘Elimination by Aspects: A Theory of Choice.’ Psychological Review 79 (4): 281.
11. Ziyaeva, Muxtasar. 2018. ‘Истеъмолчилар хулқ-атворидаги ўзгаришларни ҳисобга олган ҳолда хизматларни таснифлаш тамойиллари’. Iqtisodiyot va Innovatsion Texnologiyalar, no. 2: 318–325.
12. Akmal, A., Dostonbek, E., Odina, J., & Nozima, A. (2022). Current state of impact of foreign investment on the quality of economic growth of the country and regions in Uzbekistan. Asian Journal of Research in Business Economics and Management, 12(4), 24-29.
13. Akmal, A., Dostonbek, E., Odina, J., & Nozima, A. (2022). Improving credit policy of commercial banks in the development of small business and private entrepreneurship in the regions. Asian Journal of Research in Business Economics and Management, 12(4), 18-23.
14. Eshpulatov , D. (2022). Analysis of the organizationaleconomic mechanism to improve the sustainability of economic growth in agriculture. science and innovative development, 5(6), 104–122. Retrieved from https://indep-ilm.uz/index.php/journal/article/view/340
15. Eshpulatov , D. (2022). Analysis of the organizationaleconomic mechanism to improve the sustainability of economic growth in agriculture. science and innovative development, 5(6), 104–122. Retrieved from https://indep-ilm.uz/index.php/journal/article/view/340
Published
2023-04-13
How to Cite
Ibragimovich, B. G., & kizi, S. F. N. (2023). Behavioral Economics as a New Economics Field. International Journal on Economics, Finance and Sustainable Development, 5(4), 11-15. https://doi.org/10.31149/ijefsd.v5i4.4257
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