Questions tagged [behavioral-economics]

The study of the impact of psychological processes (e.g., cognitive, emotional) on economic behavior and decision making.

Filter by
Sorted by
Tagged with
7
votes
1answer
1k views

How can psychometric or behavioural tests be used in banking to evaluate creditworthiness?

Suppose an entrepreneur or borrower with little credit or business history goes to a bank or some financial institution to borrow money. Banks can use, as an alternative to a credit or business ...
5
votes
1answer
321 views

Are people more likely to pick the odd one out?

I was wondering if there has been any research to suggest that when given a list of options to choose from, people are more likely to pick an option if it looks different to the other options? My ...
2
votes
1answer
877 views

What's the difference between Confirmation Bias and the Affect Heuristic?

I've been reading "Thinking Fast & Slow," by Daniel Kahneman. At the end of Chapter 9, he introduces the "Affect Heuristic," a concept introduced by Paul Slovic that effectively states that people ...