In his New York Times bestselling book Moneyball, Michael Lewis tells the story of Billy Beane, the general manager of the Oakland A’s, and how, despite having half the budget of some of the ...

Homo economicus is a financial term that refers to the belief that a human is a rational person who makes economic decisions ...

Forbes contributors publish independent expert analyses and insights. Tim Maurer covers how personal finance is more personal than finance. May 05, 2024, 07:00am EDT Sunk cost, opportunity cost, and ...

Investing in the financial markets is a complex endeavor influenced not only by economic factors and market dynamics but also by human behavior. Traditional finance theory assumes that investors make ...

Discover how economists' assumptions shape economic models, affecting predictions about consumer behavior, resource ...

For the last few decades, behavioral economics has endeavored to identify the biases that impact our choices, as well as the “nudges” to help improve our decision-making and behavior. As those ...

Much of the foundational work in behavioral economics was sparked by the cognitive psychologist Daniel Kahneman and Amos Tyversky, who brilliantly explored how humans make decisions based on framing ...

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 ...

Registration is now open! Please visit the registration tab for more information. Welcome to the BDRM Conference at Harvard University! Harvard Business School is pleased to host the 2018 BDRM ...

(JTA) — Daniel Kahneman, the Nobel Prize-winning Israeli psychologist who broke new ground in and found a large audience for his dissection of how humans make decisions, died Wednesday. He was 90 and ...