Human Behavior

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.

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.

Xavier Gabaix argues that public policies should prioritize alleviating deprivation at the bottom over narrowing the rich-poor gap 

If standard economic theory can’t explain a traffic jam, how can it cope with crises?

A transition from the conventional policy of “redistributing income” to “redistributing membership”, could promote economic integration across communities and intergenerational mobility.