Human Behavior

A tractable formalization of the Knightian uncertainty faced by an economist and market participants in an intertemporal asset-price model.

The work of feminist thinkers helps illuminate why billionaires seek to solve problems on Earth by blasting into space.

As a pandemic continues to expose weaknesses in our human systems and institutions, psychiatrist and author Iain McGilchrist’s proposition that a battle in our heads is impacting the direction of our future is worth revisiting.

Researchers worry the pandemic may have severe after-effects, with deaths of despair impacting more distressed and newly-vulnerable populations

Even if psychological factors influence participants’ decision-making, as behavioral economists compellingly argue, incorporating such factors into economic theory would seem to require that market participants adhere to elementary logical rules.

Economists have gone to great lengths to write humans out of economics, pushing self-interest and generally providing two choices—faith in markets or the state.

Jonathan Haidt deploys insights from moral psychology to help us see ourselves and each other more clearly

Trying to predict the financial future is a fool’s errand, even for a genius

Author Jeremy Lent argues that western conceptual frameworks with roots in the Stone Age push us towards disaster. Time to let them go?

Author Supritha Rajan argues that self-interested competition may be the official line, but it’s far from the whole story

Economics is often thought of as emotion-less, but Daniel Benjamin argues for happiness as a vital indicator

To understand behavior and choice, we need to borrow from not just cognitive science but also sociology.

Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.

Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.