Exploring Behavioral Economics: A Key Focus at NABS”
October 20, 2023
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The National Academy of Behavioral Sciences (NABS) combines psychology and economics in its study of behavioral economics, focusing on the effects of psychological and social factors on economic decisions. NABS applies this interdisciplinary research to real-life situations, investigating decision-making, biases, and encouraging positive choices. The Academy also conducts studies to apply these insights to healthcare, consumer behavior, and sustainable practices, ultimately aiming for a more informed society.