Scientific approaches and genesis of behavioral economics methodology
Abstract
Classical economic theory proceeds from the assumption that all economic entities have free access to information, as well as the ability to process this information, i.e. from the idea of the rational nature of man. Behavioral economics proves the irrationality of human behavior in making economic decisions and shows the importance of taking into account factors of economic and psychological nature to predict human behavior as a subject of economic relations.
Keywords
market economy, innovations, imperatives, risk, sanctions, institutional factor, behavioral phenomenon
