Johnny Ch Lok

Behavioral Economy Introduction Johnny Ch Lok

Behavioural economic has also influenced the understanding of how staffs can impact worker productivity and job satisfaction. For example, it is possible that poor cooperation can cause worker productivity decreases and it can also cause poor job satisfaction to the worker. So, when working environment can impact productivity, social comparisons can have an impact on job satisfaction as well as the worker's job satisfaction and search intentions are affected by knowing about the salaries of their peers in whose firm. Hence, the worker's positive or negative psychological feeling to whose employers which will have effort to influence whose working performance and productivity to whose firm in possible. Behavioural economic is increasingly being used in the field of development economics or low income countries. Such as, how Philippines can offer commitment to individuals who wanted to save money in whose country or how Philippines can change to smoking behaviour when commitment devices were offered to Philippine smokers. So, Philippines policy makers need to concern resource scarcity and resource allocation issue to solve how to let its low income level householders can raise to the middle income level to achieve the high income level householders and the low income level householders whose income level is not distant very much.