Behavioral Economics: Insights into Consumer Decision-Making

Authors

  • Sam Nelson Dr.
  • Nico Lewis PhD
  • Jamie Anderson Prof.

Keywords:

Behavioral Economics, Consumer Decision-Making, Cognitive Biases, Marketing Strategies, Policy-Making

Abstract

This article delves into the insights provided by behavioral economics regarding consumer decision-making processes. By examining cognitive biases and heuristics, the paper explores how these psychological factors influence purchasing decisions. The research highlights the implications of behavioral economics for marketing strategies and policy-making, emphasizing the need for a better understanding of consumer behavior to enhance economic outcomes.

Author Biographies

Sam Nelson, Dr.

Dr.
University of Oslo
Problemveien 7, 0315 Oslo, Norway

Nico Lewis, PhD

PhD
University of Cape Town
Rondebosch, Cape Town, 7700, South Africa

Jamie Anderson, Prof.

Prof.
National Autonomous University of Mexico
Av. Universidad 3000, Coyoacán, Ciudad de México, CDMX 04510, Mexico

References

Авдеев, А. П. (2015). Макроэкономика.

оглу Рагимов, Э. Р., & оглу Искендерзаде, Э. Б. (2023). ЭФФЕКТИВНЫЕ МЕТРОЛОГИЧЕСКИЕ АСПЕКТЫ ПРИМЕНЕНИЯ НАНОТЕХНОЛОГИЧЕСКОЙ ПРОДУКЦИИ В ТРАНСПОРТНОЙ СФЕРЕ. Сетевое издание «Нефтегазовое дело», (1), 126-142.

Korniienko, L., Krekoten, O., Horlachova, V., Korsun, S., & Kryvenko, O. (2025). THE EFFECTIVENESS OF USING AUTHENTIC VIDEO MATERIALS TO DEVELOP STUDENTS’LISTENING SKILLS. Revista EDaPECI, 25(2), 159-172.

Ярова, О. А., & Леонов, Я. В. (2021). Механізм організаційно-економічного забезпечення розвитку енергетичного сектору. Економіка та держава, (9), 119-122.

Published

2025-09-22

Issue

Section

Articles