Intertemporal choice — is the study of the relative value people assign to two or more payoffs at different points in time. This relationship is usually simplified to today and some future date. Intertemporal choice was introduced by John Rae in 1834 in the… … Wikipedia
Intertemporal consumption — Economic theories of intertemporal consumption seek to explain people s preferences in relation to consumption and saving over the course of their life. The earliest work on the subject was by Irving Fisher and Roy Harrod who described hump… … Wikipedia
Consumer choice — Economics … Wikipedia
Neuroeconomics — is an interdisciplinary field that seeks to explain human decision making, the ability to process multiple alternatives and to choose an optimal course of action. It studies how economic behavior can shape our understanding of the brain, and how… … Wikipedia
Behavioral economics — and its related area of study, behavioral finance, use social, cognitive and emotional factors in understanding the economic decisions of individuals and institutions performing economic functions, including consumers, borrowers and investors,… … Wikipedia
JEL classification codes — Articles in journals are usually classified according to the system used by the Journal of Economic Literature (JEL). The JEL is published quarterly by the American Economic Association and contains survey articles and information on recently… … Wikipedia
Elasticity (economics) — Economics … Wikipedia
Decision theory — in economics, psychology, philosophy, mathematics, and statistics is concerned with identifying the values, uncertainties and other issues relevant in a given decision, its rationality, and the resulting optimal decision. It is closely related to … Wikipedia
Microeconomics — The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). The graph depicts a right shift in demand… … Wikipedia
Risk aversion — is a concept in psychology, economics, and finance, based on the behavior of humans (especially consumers and investors) while exposed to uncertainty. Risk aversion is the reluctance of a person to accept a bargain with an uncertain payoff rather … Wikipedia
