Institute for Behavioral Economics

The Institute for Behavioral Economics is an organization that studies how psychological factors influence economic decision-making. It explores why people often make choices that seem irrational, such as spending impulsively or saving too little. The goal is to understand these behaviors to improve economic policies, enhance marketing strategies, and help individuals make better financial decisions. By blending insights from psychology and economics, the Institute aims to create a clearer picture of how people interact with money and resources in real life.