Behavioural Economics

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August 31, 2024 4 min read Definitions
Forward-Looking Behaviour: Anticipating Future Economic Events
Economics Finance Behavioural Economics Forward-Looking Economic Behaviour Expectations Policy Change Future Projections
Forward-looking behaviour in economics involves agents forming expectations about future economic conditions and policy changes to make informed decisions today. It impacts how economies evolve based on credible future projections.
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August 31, 2024 5 min read Definitions
Regret Theory: Decision-Making Under the Shadow of Regret
Economics Behavioural Economics Decision Theory Regret Theory Decision Making Behavioral Economics Expected Utility Economic Anomalies
Regret Theory is a framework in decision-making where individuals anticipate the regret they might feel if a wrong choice is made and incorporate this anticipation into their decision processes. This theory offers an alternative to the expected utility hypothesis and helps explain various economic anomalies.
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