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Behavioral Economics - Coggle Diagram
Behavioral Economics
Social Motives
Dictator game
Ultimatum game
Last-round defection
Altruism
Perception of wealth, generosity, etc.
Intertemporal Choice
Discounting future utility
Time inconsistency
Naive agent
Sophisticated agent
Income targeting
Policy Applications
Energy efficient appliances
Convertible sales
Taxes and subsidies to smooth consumption
Reference-Dependent Preferences
Loss Aversion
Endowment Effect
Prospect Theory
Lotteries
Certainty equivalent
Risk premium
Rational Choice
Weak Axiom of Revealed Preference (WARP)
Failures of WARP
Context dependence
Menu dependence
Pairwise intransitive choice
Inconsistent decisions
Decisions Under Uncertainty
Expected Utility Theory
Biased Beliefs
Survivorship bias
Projection bias
Overconfidence
Representativeness Heuristic
Gambler's fallacy
Hot hand fallacy