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Practice Reading: Fill in the Blanks (Dropdown)
ID: #36556
Behavioural economics
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I am interested in behavioural economics. I’ve often felt as if declaring such an interest is virtually to committing some atrocious thought crime or act of betrayal against rational economic theory. is the current status of behavioural economics within many academic circles, that I sometimes find myself questioning why it ever attracted so much attention in the first place.
Yet for all the criticism at it for its overreliance on the use of punishment and rewards, behavioural economics does in fact offer some useful insights into how behaviour can be channelled towards desirable actions under the right circumstances.
After all, those in favour of large-scale government intervention may disagree, but research has shown that gentle like making fresh fruit readily available in workplaces can make all the difference when it comes to improving people’s eating habits.
Yet for all the criticism at it for its overreliance on the use of punishment and rewards, behavioural economics does in fact offer some useful insights into how behaviour can be channelled towards desirable actions under the right circumstances.
After all, those in favour of large-scale government intervention may disagree, but research has shown that gentle like making fresh fruit readily available in workplaces can make all the difference when it comes to improving people’s eating habits.
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