Discover how economic instability reshapes consumer behavior through Maslow's hierarchy. Learn what changes when financial ...

A common theme in some recent research is that what the rational economic theory presumes is often out of step with what consumers say and do. In the latest salvo, a team of researchers including ...

Discover how neuroeconomics connects economics, psychology, and neuroscience to decode decision-making processes, bridging the gap in economic theories.

SAN DIEGO (KGTV) — San Diego's inflation rate was the highest in the nation last month, but most people can still afford a tube of lipstick. The "lipstick effect" — a theory that people buy small ...

Consumer demand is a driving force of economic growth, accounting for about two-thirds of the US economy. So when policymakers want to determine how a particular fiscal or monetary policy will land, ...

Last week, the Bangko Sentral ng Pilipinas (BSP) released the results of its 4th quarter Consumer Expectations Survey (CES) and it was not a good one to close out the current year and augur in the ...

The Theory publication and the companion on the practice of compiling consumer price indices (CPIs) is jointly published by the member agencies of the Inter-Secretariat Working Group on Price ...

Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

It is Malawi’s rainy season and smartly dressed worshippers are spilling out from church. Couples, arm-in-arm, dodge potholes as they progress down the street. The migration moves past clothes shops ...

At this time of year, as they await their Christmas bonuses, people on Wall Street ponder their worth. Two questions can sharpen the mind of even the most senior employee. Imagine first accepting a ...