Glossary entry (derived from question below)
English term or phrase:
Behavioural economics
Italian translation:
Economia comportamentale
Feb 7, 2011 00:56
13 yrs ago
English term
behavioural economics
GBK
English to Italian
Bus/Financial
Economics
Definition from
The Economist:
A branch of ECONOMICS that concentrates on explaining the economic decisions people make in practice, especially when these conflict with what conventional economic theory predicts they will do. Behaviourists try to augment or replace traditional ideas of economic rationality (homo economicus) with decision-making models borrowed from psychology. According to psychologists, people are disproportionately influenced by a fear of feeling regret and will often forgo benefits even to avoid only a small risk of feeling they have failed. They are also prone to cognitive dissonance, often holding on to a belief plainly at odds with new evidence, usually because the belief has been held and cherished for a long time. Then there is anchoring: people are often overly influenced by outside suggestion. People apparently also suffer from status quo bias: they are willing to take bigger gambles to maintain the status quo than they would be to acquire it in the first place.
Traditional UTILITY theory assumes that people make individual decisions in the context of the big picture. But psychologists have found that they generally compartmentalise, often on superficial grounds. They then make choices about things in one particular mental compartment without taking account of the implications for things in other compartments.
There is lots of evidence that people are persistently and irrationally overconfident. They are also vulnerable to hindsight bias: once something happens they overestimate the extent to which they could have predicted it. Many of these traits are captured in PROSPECT THEORY, which is at the heart of much of behavioural economics.
Example sentences:
Behavioral economics blossomed from the realization that neither point of view was correct. (Library Economics Liberty)
Behavioral economics explains why we procrastinate, buy, borrow, and grab chocolate on (Harvard Magazine)
Economics orthodoxy may look down on behavioral economics, but it's the most important development in economics in a long time. ( The Christian Science Monitor.)
Proposed translations
(Italian)
4 +4 | Economia comportamentale | Oscar Romagnone |
Change log
Feb 3, 2011 16:37: changed "Kudoz queue" from "In queue" to "Public"
Feb 7, 2011 00:56: changed "Stage" from "Preparation" to "Submission"
Feb 10, 2011 14:54: changed "Stage" from "Submission" to "Completion"
Proposed translations
+4
40 mins
Selected
Economia comportamentale
Definition from
Dan Ariely - "Predictably Irrational":
Che cos'è l'economia comportamentale e in che cosa differisce dall'economia classica?<br />La cosiddetta "economia comportamentale", a cui molto spesso si fa riferimento con termine inglese "Behavioral Economics", si interessa degli stessi argomenti dell'economia classica ma, a differenza di quest'ultima, non presume la razionalità degli individui.
Example sentences:
L'ECONOMIA COMPORTAMENTALE IN RISPOSTA ALLE ANGOSCE DELLA CRISI 31/05/2009 Questo pomeriggio Tore Ellingsen ha spiegato come i sentimenti possano influenzare i comportanti economici. Per molti anni gli economisti hanno tralasciato il settore dell’economia comportamentale dando praticamente carta bianca al modello predominante che è quello dell’egoista razionale. Siamo tutti egoisti razionali. (Ellingsen/Stockholm School of Economics)
Economia comportamentale (2010/2011) Obiettivi formativi Il corso mira a presentare agli studenti i principali risultati ottenuti negli ultimi anni all’interno della cosiddetta ‘economia comportamentale’ (behavioural economics), un ambito di ricerca interdisciplinare finalizzato ad incrementare il potere esplicativo e previsionale della teoria economica avvalendosi di ipotesi comportamentali caratterizzate da un alto grado di realismo, sulla base di un dialogo sempre più stretto e fecondo con altre discipline (dalla psicologia sociale all’antropologia culturale e alle neuroscienze). (Università di Verona)
L’economomia comportamentale, meglio definibile come economia cognitiva, si occupa proprio di studiare e definire la “prevedibilità” della componente irrazionale dei comportamenti e delle scelte umane. (Neorema)
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