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You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


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What is behavioural economics?


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A method of economic analysis that applies psychological insights into human behavior to explain economic decision-making. Behavioural economics, the application of psychological insights to economic theories and problems, has been growing in influence for decades.’ In short behavioural economics is a subset of the study of economics. It is a method of economic analysis that applies psychological insights into human behaviours to explain economic decision making.