Behavioral Economics
Table of Contents
Behavioral economics = how people actually decide — biases, framing, sunk costs — not only rational models.
Example
Kept the gym membership because ‘I already paid' — classic sunk cost, not future value.
Note Relationships
| Relationship | Wikilink | Reason |
|---|---|---|
| extends | Sunk Cost Fallacy | Named in notes that link here |
| extends | Decision Quality | Named in notes that link here |
| contradicts | First Principles Thinking | when the opposite frame fits better |




