psychology and the economy
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4 Terms
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What is the nudge theory
an attempt to manipulate social norms through positive reinforcement in a non-coercive manner - something small that benefits business and the society
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What does behavioural economics investigate
- the effects of social, cognitive and emotional factors on economic decisions
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What are the main ways psychology can be used to impact the economy?
- make work better for the workers
- help people into work
- get back to work after illness
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Note 
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