Researching Behavioral Economic Cases Studies

The book aims to illustrate the differences between traditional economic theory which assumes rational decision-making and behavioral economic theory which acknowledges the role of bounded rationality cognitive biases heuristics loss aversion and herd mentality in economic choices / My view argues that behavioral economic theory is becoming increasingly relevant for understanding general social development . This book provides case studies to explain these complex interactions helping readers understand the how and why of these influences and the importance of learning behavioral economics for future societal progress.