A Review Study on Rationality and Clinical Psychology Approach in Behavioral Economics

Historically, it is observed that the contribution of psychology to behavioral economics has been mostly through cognitive and social psychology, the “healthy/normal human model”. However, every individual in society is infected with psychopathology, although not at a level that can be diagnosed. On the other hand, in the decision-making processes of the “normal person”, self-deception distortions are generally in the form of positive illusion tendencies. In a large part of clinical psychology subjects, for example in depression, cognitive distortions turn into the exact opposite. Therefore, it is possible that some accepted behavioral economics tendencies may not be valid for a significant part of society. The aim of this study is to present examples of conceptual development and research that enable the exchange of information and develop the fields of behavioral economics and clinical psychology.