Behavioral Economics is Also Useful in Macroeconomics
Behavioral economics is seeing increased acceptance as a legitimate way of thinking about economic issues and problems spreading throughout the way economically. Behavioral economics provides a framework to understand when and how people make errors and also create an environment that nudges people towards wiser and healthier decisions. Behavior economics incorporated the study of the psychological behavior of the individual which they while performing such actions or buying a certain product rather than the other. Behavior economics attempts to understand why these cold-headed decisions would be taken. With the help of expertise, students can solve all the queries without hassle. College students have to just connect with BookMyEssay for service.