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Behavioral economics

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Framing within Bounded Rationality

1956 - 1984

The period emphasizes the transition from traditional rational choice to bounded rationality and context-dependent decision making, with framing effects and cognitive constraints recognized as central determinants of choice. Research practices increasingly blend experimental and theoretical approaches to map how framing shapes risk preferences, value judgments, and strategic behavior. This synthesis stabilizes a paradigm where environment, cognition, and bounded processing jointly govern economic decisions.

Reference-Dependent Choice

1985 - 1991

Constructed Preferences Era

1992 - 1998

Social Preferences and Neuroeconomics

1999 - 2005

Neuroscience-Driven Behavioral Finance

2006 - 2010

Information Design and Experimentation

2011 - 2017

Digital Behavioral Economics

2018 - 2024