Economic Behaviour from a Biological and Psychological Approach

This paper explores some principles of economic behaviour from a biological and psychological perspective, through a reflective analysis on the feasibility of understanding economic actions of individuals from a review of features of non-economic sciences. Emotions are emphasized as important factor...

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Bibliographic Details
Main Authors:	Cifuentes Gómez, Cindy, Delgado Ruiz, Siervo Tulio, González, Jorge Iván
Format:	Online
Language:	spa
Published:	Universidad Pedagógica y Tecnológica de Colombia 2021
Subjects:	behaviour economics biology psychology preferences beliefs heuristic evolutionism adaptability happiness inequality comportamiento economía biología psicología preferencias creencias heurística evolucionismo adaptabilidad felicidad desigualdad
Online Access:	https://revistas.uptc.edu.co/index.php/cenes/article/view/12474

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Summary:	This paper explores some principles of economic behaviour from a biological and psychological perspective, through a reflective analysis on the feasibility of understanding economic actions of individuals from a review of features of non-economic sciences. Emotions are emphasized as important factors in decision-making. Understanding these reasons helps improve the design and evaluation of public policies and investment decisions; furthermore, it is shown that the context of inequality and happiness affects the formation of the heuristic judgment.