Is there an AI technology out there or being developed that can
predict human behaviour ?
If it can predict (all) human behavior, it can act as an human, thus, it will be the first real (strong) AI. This has not happened yet.
I must remark that the question contains a lot of weakly defined terms. Fix these terms can help to work in the question subject:
- "human behavior" : the behavior of an individual or the behavior of all humans as a set ? (bigger groups tends to be more predictable).
- "irrational decision-makers" : it assumes that it exists a "rational" way of take all decisions.
- "humans are perfectly rational, but obviously this isn't the case" : same as previous.
- "better models and therefore better models of recessions" : recessions are not caused by "irrational decisions".
(In fact, each of these points could be an independent question at this site, more according to its manifest that all the plague of questions about neural nets).