https://scialert.net The International Journal of Applied Economics and Finance en-us Science Alert Thu, 11 Jun 2026 18:11:57 +0200 Thu, 11 Jun 2026 18:14:14 +0200 RssPublisher 0.2.0 beta https://scialert.net/images/logo.gif https://scialert.net 41 233 The International Journal of Applied Economics and Finance Economic Cost of Dengue: A Selective Case in Bangladesh Background and Objective: Dengue is a mosquito-borne viral infection that causes a severe illness called Dengue fever. Bangladesh is one of the countries that are affected by the Dengue virus. Dengue fever first appeared in the year 2000 but till now no research has been done to calculate the economic burden of Dengue in Bangladesh. The objective of this study was to estimate the components of health cost and to identify economic burden through computing the total expenditure. Materials and Methods: Both primary and secondary data were used to calculate the health cost of Dengue. Sample data were collected by doing the survey and taking interviews with the patients. Both tabular and statistical methods were used to determine the direct and indirect cost of the patients. Results: By calculating the aggregate economic costs through direct and indirect cost the variability of Dengue cases and the cost across the year was addressed. The cost for private health care facilities is higher compared to public health care facilities as in private hospitals 92% of expenditure goes for medical treatment purposes. The aggregate economic expenditure is around US$ 15.27 million. Aggregate expenditure would increase if the outpatient’s cost and averting expenditure are acknowledged. Conclusion: In Dhaka, the aggregate economic expenditure for treating Dengue is significantly high. Dengue is a disease that can easily be avoided by taking precautionary steps and thus there will be no need to bear the huge amount of cost burden.]]> https://scialert.net/abstract/?doi=ijaef.2021.1.10 11 June, 2026 A Different Perspective on Rationality: Rational Econs or Rational Humans? Background and Objective: Do people always behave as expected in the study of economics? There is considerable variation in behaviour, preferences and choices among people/economic agents. Perhaps more importantly, this variation is visible under different circumstances for the same person. This paper shows how people’s preferences differ when the same options are presented in different ways. Materials and Methods: Analyzing three different studies based on concepts of heuristics, discounted pricing and sunk cost fallacy, this paper shows that people’s choices deviate from the strict axioms or assumptions of rationality. The experiments chosen are adopted from different experiments conducted by influential behavioural economists. However, all experiments have been adapted to fit the socio-cultural norms of urban Bangladesh. Results: The first study concludes that individuals tend to make irrational decisions by considering how much an event represents a particular cluster where they overlook the base rates. The second and third studies show that when it comes to making choices about future purchases, individuals behave in a more rational way comparing to when they are they are faced with a challenge of sunk cost. Conclusion: It was concluded from the study, that when applied to reality, the assumptions of rationality as understood in the economic theories may hold under certain circumstances but are also violated under others.]]> https://scialert.net/abstract/?doi=ijaef.2021.11.22 11 June, 2026