Discover how bioeconomics integrates economics and biology to explain resource management and economic events. Learn about ...

Scientists at HSE University have found that current AI models, including ChatGPT and Claude, tend to overestimate the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

We are living at a time when large language models increasingly make choices once reserved for people. From writing emails to guiding business decisions, these systems shape daily life. That shift has ...

We don't always behave the way economic models say we will. We don't save enough for retirement. We order dessert when we're supposed to be dieting. We give donations when we could keep our money for ...

Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...

A new study is the first analysis of transgender and cisgender economic behavior, and the first to consider whether sex assigned at birth plays a significant part in economic decisions. Gender and sex ...

Organizations around the globe are increasingly using insights from the field of behavioral economics to help people make more efficient decisions. Discover how to apply cutting-edge behavioral ...

Putting moral insight back into economics enhances understanding of political outcomes For much of the 20th century, the disciplines of moral psychology and economics were seen as distinct—each ...

Watching Netflix's new docuseries Chimp Empire is a trip. It feels like being dropped in the middle of the Ugandan forest and suddenly becoming roommates with chimpanzees. It's incredibly immersive.

Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...