{"id":856,"date":"2023-12-07T11:01:59","date_gmt":"2023-12-07T08:01:59","guid":{"rendered":"https:\/\/subel.selcuk.edu.tr\/en\/?page_id=856"},"modified":"2023-12-07T11:07:12","modified_gmt":"2023-12-07T08:07:12","slug":"behavioral-and-experimental-economics","status":"publish","type":"page","link":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/behavioral-and-experimental-economics\/","title":{"rendered":"Behavioral and Experimental Economics"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-798\" src=\"https:\/\/subel.selcuk.edu.tr\/en\/wp-content\/uploads\/2023\/12\/NT-PHOTO-1000x316-1.jpg\" alt=\"\" width=\"1000\" height=\"316\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Behavioral Economics and Experimental Economics refer to two approaches that emerged as an alternative to traditional economic theories and attempt to understand economic behavior in a more realistic way.<\/p>\n<p>Behavioral Economics:Behavioral Economics is an approach that considers psychological factors and social interactions to understand individuals&#8217; economic decisions.<br \/>\nWhile traditional economic theories treat individuals as rational beings who make decisions in line with their own interests, behavioral economics argues that people&#8217;s decisions are under the influence of various emotional and cognitive factors.<br \/>\nBehavioral economics tries to address the decision-making processes of economic actors in a more realistic way by focusing on issues such as will constraints, limited rationality, and psychological fallacies.<\/p>\n<p>Experimental Economics: Experimental Economics is an approach that focuses on testing economic theories using controlled experiments in a laboratory environment. While traditional economic research generally uses observed real-world data, experimental economics aims to test theoretical propositions with experiments designed in a laboratory environment.<br \/>\nExperimental economics involves collecting experimental data using scientific methods to make stronger inferences about human behavior and understand how theoretical models work in the real world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Behavioral Economics and Experimental Economics refer to two approaches that emerged as an alternative to traditional economic theories and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-856","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/pages\/856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/comments?post=856"}],"version-history":[{"count":2,"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/pages\/856\/revisions"}],"predecessor-version":[{"id":862,"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/pages\/856\/revisions\/862"}],"wp:attachment":[{"href":"https:\/\/subel.selcuk.edu.tr\/en\/index.php\/wp-json\/wp\/v2\/media?parent=856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}