Does Your Behaviour Influence Economics

Or is the world of economics influencing your behaviour?

Behavioural Economics is an emerging field within the discipline and Intute could do with some more resources on this topic.

What is behavioural economics? Essentially it looks at how economic decisions are made, as opposed to the how they should be made by an economically rational being or organisation.

Dan Ariely, the author of Predictably Irrational offers his thoughts on the topic in this YouTube video produced by Duke University.

He touches on the relationship with classical economics and how it can make economics feel less like the arena of  Superman and more like that of Homer Simpson – but that is not a bad thing.

… and there are more videos on behavioural economics at YouTube/edu.

from MrsBlogsBlogs.

In terms of the application of behavioural economics to public policy, the New Economics Foundation had outlined  seven principles for policy-makers and Liam Delaney has written about why policymakers should care about behavioural economics over at the Irish Economy.

For some further reading try some academic papers on the topic of behavioural economics via EconPapers or discover similar content via Google Scholar and Google Book Search.

The Economics Network has some teaching and learning resources on the subject, while it has been the topic of seminars at banks, courses taught at MIT and possibly made it into the White House.

There is not currently a section on behavioural economics within Intute: Economics, but if there are enough relevant Internet resources on the subject that can change.

Intute: Social Sciences features a few Internet resources on behavioural economics but help us find more by suggesting a site.