Economic Research Center Discussion Paper

Economic Research Center Discussion Paper-45
The Penn Institute for Economic Research (PIER) was established in 1993 to create an environment for research and teaching that will enhance the role of the University of Pennsylvania as one of the leading institutions in the world for the study of economics.Behavioral economics is a new and emerging field of research which incorporates insights from various related disciplines, such as psychology, sociology and neuroscience, to provide solutions for economic and social problems that cannot be easily reconciled by the traditional branch of economics.

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