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June 2021

Behavioural Economics

By World Travel and Tourism Council and Harvard

BEHAVIOURAL ECONOMICS draws together insights from different disciplines to help explain human decision-making and behaviours. It challenges the assumption of perfect rationality and reveals how many of our decisions are fast, subconscious choices, especially when we are time poor, distracted and multitasking. Knowing this aids us in understanding how a person is likely to behave in a given context.