How can behavioral economics improve our lives?

[Bleh!]

I would really appreciate it if you can give me your point of view on how behavioral economics can/cannot improve our lives.

[goldenbrowngod]

understanding behavioral economics can help use improve are lives by the fact that if we can understand how the average person acts in our economy we can use this information for our gain.


a good example can be seen by looking at the stock market.

to be a smart investor one should not only look at the company but at the actions of other investors. the price of stocks have as much to do with group think as they do with how well the company is doing.