Behavioral Economics

A field of economics that studies how the actual decision-making process influences the decisions that are reached.

Investopedia Says:
The two most important questions in this field are:
1. Are the assumptions of utility or profit maximization good approximations of real behavior?
2. Do individuals maximize subjective expected utility?

Related Links:
Curious about how emotions and biases affect the market? Find some useful insight here. Taking A Chance On Behavioral Finance
Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! Economics Basics