Behavioral Economics¶
10 primes originate from Behavioral Economics. 12 more draw from it as a secondary origin.
Primary members (10)¶
Primes whose canonical origin is Behavioral Economics.
- Bounded Rationality — Limited decision capacity.
- Commitment Device — A self-imposed constraint that binds one's own future choices.
- Herding Behavior — Mimicking others.
- Information Cascade — The sequential dynamic in which actors copy earlier actors' visible choices and suppress their own private signals, driving collective convergence that can be confidently wrong.
- Loss Aversion — Losses felt stronger than gains.
- Regulatory Capture — Regulated agents gain influence over institution redirecting it.
- Satisficing — Accept good-enough solution.
- Sunk Cost and Irreversible Commitment — Expended resources create psychological barriers to reversal.
- Temporal Inconsistency and Preference Reversals — Preference orderings reverse as decision horizon approaches.
- Value Commensuration — Translate heterogeneous values into common metric for comparison.
Also draws from Behavioral Economics (12)¶
Primes whose canonical origin is elsewhere, but who list Behavioral Economics among their alternate origin domains.
- Anchoring — Overweight initial info.
- Decision Fatigue — Reduced decision quality over time.
- Escalation of Commitment — Persist beyond justification.
- Fading — Gradual withdrawal of instructional support as competence grows.
- Framing — Presentation shapes perception.
- Heuristic — Mental shortcuts.
- Regret — Disvalue from comparing an outcome against a better forgone alternative.
- Risk Aversion — Preference for certainty.
- Self Control — Overriding immediate impulses in service of longer-term goals.
- Solidarity — Shared commitment and mutual support within a group.
- Time Preference (Discounting Future) — Present vs future value.
- Winner's Curse — Winning a common-value contest is itself evidence of overpayment.