Since 2020, aggregated from related topics
Economic decision making is a field of study that examines how individuals, firms, and governments make choices regarding the allocation of resources in order to maximize their welfare or achieve specific goals. This field incorporates principles from economics, psychology, and other social sciences to understand how individuals and groups weigh different options, assess risks, and make decisions in uncertain environments. Topics of study within economic decision making include rational choice theory, behavioral economics, game theory, and public policy analysis. Researchers in this area seek to understand the factors that influence decision making processes and develop strategies to improve decision outcomes.