Behavioural economics and Code of practice: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Layout.)
 
imported>Doug Williamson
(Note UK context.)
 
Line 1: Line 1:
Economic analysis which takes explicit account of the social, emotional and psychological drivers of economic activity, including behaviours deemed to be 'irrational' under more traditional economic theories.
1.


The insights of behavioural economics into 'irrational' decision making in the economy may provide a theoretical basis for some types of technical analysis and forecasting of market prices.
Relevant published and authoritative guidance not having direct legal effect.


Codes of practice are not statements of law and there is no direct penalty for failing to comply with them, but courts and tribunals will take any relevant codes of practice into account when making legal decisions.


== See also ==
Sometimes known as codes of conduct.
* [[Agency]]
 
* [[Irrational]]
 
* [[Technical analysis]]
2. ''Pensions''.
* [[Fractal markets hypothesis]]
 
* [[Dunning-Kruger effect]]
In the UK pensions context a Code of Practice is a document issued by the UK Pensions Regulator providing practical guidelines on the requirements of pensions legislation and setting out standards of conduct and practice expected of those who must meet these requirements.
* [[Impostor syndrome]]
 
* [[Metaeconomics]]
 
==See also==
* [[ACT Ethical Code]]
* [[Code]]
* [[Code of conduct]]
* [[Ethics]]
* [[Good practice]]
* [[Guidance]]
* [[Technical provisions]]
* [[Pensions Regulator]]
* [[UK Corporate Governance Code]]
 
[[Category:Ethics_and_corporate_governance]]

Revision as of 15:00, 4 August 2018

1.

Relevant published and authoritative guidance not having direct legal effect.

Codes of practice are not statements of law and there is no direct penalty for failing to comply with them, but courts and tribunals will take any relevant codes of practice into account when making legal decisions.

Sometimes known as codes of conduct.


2. Pensions.

In the UK pensions context a Code of Practice is a document issued by the UK Pensions Regulator providing practical guidelines on the requirements of pensions legislation and setting out standards of conduct and practice expected of those who must meet these requirements.


See also