Behavioral Economics as a New Economics Field

  • Berdiev Gayrat Ibragimovich Gulistan State University, Head of the Department of Economics
  • Sheralieva Farangis Narzulla kizi Faculty of Social Economics (by industries and sectors), student of Gulistan State University
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.

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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. Retrieved from https://journals.researchparks.org/index.php/IJEFSD/article/view/4257