Explain the principles of behavioral economics and how they deviate from traditional economic assumptions: Advanced Economic Perspectives Assignment, DBS, Ireland
| University | Dublin Business School (DBS) |
| Subject | Advanced Economic Perspectives Assignment |
Question 1
- Explain the principles of behavioral economics and how they deviate from traditional economic assumptions. Provide real-world examples of behavioral phenomena influencing economic decisions.
- Discuss the policy implications of behavioral economics for areas such as public health, environmental conservation, or financial regulation.
- Explain the concept of market failure and provide examples. How can government intervention address market failures without creating new inefficiencies?
- Discuss the implications of imperfect competition on market outcomes. How do different market structures affect pricing and output decisions by firms?
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