8. Anomalies Challenge Classical Economics: Rational behavior isn’t always rational.
9. Loss Aversion Causes Risk-Averse Behavior: People fear losses more than they value gains.
10. Libertarian Paternalism Balances Freedom and Guidance: Helps people make better choices.
11. Market Inefficiencies Are Driven by Behavior: Human quirks lead to bubbles and crashes.
12. Choice Architecture Influences Decisions: The presentation of options matters.
13. Psychology of Saving Is Complex: Programs can help people save more effectively.
14. Rational Investors Are a Myth: Biases drive financial markets.
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Richard Thaler’s *Misbehaving* reveals how human quirks and irrational behaviors challenge traditional economics, paving the way for behavioral economics.
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