Mental accounting and Outline of economics

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Mental accounting and Outline of economics

Mental accounting vs. Outline of economics

A concept first named by Richard Thaler, mental accounting (or psychological accounting) attempts to describe the process whereby people code, categorize and evaluate economic outcomes. The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services.

Similarities between Mental accounting and Outline of economics

Mental accounting and Outline of economics have 7 things in common (in Unionpedia): Behavioral economics, Economy, Prospect theory, Sunk cost, Transaction cost, Utility, Value (economics).

Behavioral economics

Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

Behavioral economics and Mental accounting · Behavioral economics and Outline of economics · See more »

Economy

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.

Economy and Mental accounting · Economy and Outline of economics · See more »

Prospect theory

Prospect theory is a behavioral economic theory that describes the way people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are known (.

Mental accounting and Prospect theory · Outline of economics and Prospect theory · See more »

Sunk cost

In economics and business decision-making, a sunk cost is a cost that has already been incurred and cannot be recovered (also known as retrospective cost).

Mental accounting and Sunk cost · Outline of economics and Sunk cost · See more »

Transaction cost

In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market.

Mental accounting and Transaction cost · Outline of economics and Transaction cost · See more »

Utility

Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.

Mental accounting and Utility · Outline of economics and Utility · See more »

Value (economics)

Economic value is a measure of the benefit provided by a good or service to an economic agent.

Mental accounting and Value (economics) · Outline of economics and Value (economics) · See more »

The list above answers the following questions

What Mental accounting and Outline of economics have in common
What are the similarities between Mental accounting and Outline of economics

Mental accounting and Outline of economics Comparison

Mental accounting has 26 relations, while Outline of economics has 611. As they have in common 7, the Jaccard index is 1.10% = 7 / (26 + 611).

References

This article shows the relationship between Mental accounting and Outline of economics. To access each article from which the information was extracted, please visit:

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