Behavioral Economics in Public Choice

Behavioral economics in public choice examines how psychological factors influence individuals' decision-making, particularly in political and economic contexts. Traditional economics assumes people act rationally, but behavioral economics recognizes that emotions, biases, and social influences can lead to irrational choices. This field studies how these factors impact voting behavior, policy preferences, and resource allocation. By understanding these behaviors, policymakers can design better policies that align with how people actually think and act, improving governance and outcomes for society as a whole.