Discover how behavioral economics examines psychological influences on economic decision-making, diverging from traditional ...

Discover how revealed preference theory explains consumer choices by observing purchasing behavior, holding income and prices ...

When performance issues look like people problems, they’re often really system problems—and this post shows how to spot the ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

What is the best way to frame human behavior? According to the unified theory of psychology 1, we can think of human beings as: (a) animals engaged in “behavioral investments” who are also (b) ...

The history of economic thought traces the evolution of ideas about production, distribution and exchange from antiquity to the present. Its narrative begins with early reflections on wealth in ...

Today’s debates about economic policy often center on national prosperity. A stimulus bill will jumpstart the nation’s economy. Infrastructure investments will boost the gross domestic product. Tax ...