ELI5: Explain Like I'm 5

Praxeology

Praxeology is the study of human behavior. It studies how people make decisions, the actions they take, and the results those decisions bring. The study looks at the way people think, how they go about making decisions, and what kinds of outcomes those decisions bring. For example, if you are deciding between two job offers, praxeology would study how you evaluate each job and what kind of factors go into your decision.