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Today behavioral economics has applicability in various fields such as finance, health, workplace productivity etc. So how does behavioral economics operate? As we know that humans can be quite irrational at times and it's very costly and time-consuming process to teach them to make a good decision. So behavioral economist try to identify the psychological issue underneath a problem and then they design a change in order to manipulate the social and emotional factors thereby increasing the probability of making better decisions. Once the change is designed they form a control group where for some people things are left as usual and for others these changes are implemented. Finally, after some time the results of the implemented change on these control group are compared to understand if the designed change was successful or if it made no difference.