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Behavioral Economics: Definition & Applications

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Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The type of economics that studies irrational behavior or decisions is known as _____?

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1. When we make decisions that have the most benefit for us, we are partaking in _____.

2. Who disagreed with neoclassical economics and helped develop behavioral economics?

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About This Quiz & Worksheet

Take some time to go through the quiz and worksheet, seeing how much you know about behavioral economics. You need to know about the different types of behavior in order to do well on the quiz.

Quiz & Worksheet Goals

Using the quiz and worksheet, you can assess your knowledge of:

  • Type of economics that studies irrational behavior or decisions
  • Traits of neoclassical economics
  • What skipping work and going on a shopping spree is an example of
  • Person who disagreed with neoclassical economics and helped develop behavioral economics
  • Making decisions that have the most benefit for us

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about the different types of behavior
  • Information recall - access the knowledge you have gained about the traits of neoclassical economics
  • Reading comprehension - ensure that you draw the most important information from the lesson on applying behavioral economics

Additional Learning

To learn more, simply go through the lesson called Behavioral Economics: Definition & Applications. You'll get the chance to:

  • Look at examples of behavioral economics
  • Compare and contrast the different types of behaviors
  • Review the history of behavioral economics
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