The difference between Economic psychology and behavioral economics?

Economic psychology focuses on understanding how psychological factors influence economic behavior and decision-making. It examines individual and group behavior in economic contexts, emphasizing cognition, emotions, and social influences. In contrast, behavioral economics combines insights from psychology and economics to explore how cognitive biases and irrational behaviors affect economic decision-making and market outcomes. While both fields intersect, economic psychology is more concerned with the psychological underpinnings, whereas behavioral economics emphasizes the implications for economic theory and policy.