Feb 10, 2015
Dec 17, 2014
A more realistic version of how people “maximize utility”
Jul 13, 2014
Our welfare depends not only on our actual consumption, but also on alternate choices wedid not make.
Jul 15, 2015
The financial crisis of 2008 was unforeseen to a significant extent. One reason is that the dominant academic theories influencing political decision makers ignore recent advances and instead rely largely on models and decision science dating back to the Second World War.
Oct 11, 2013
“You are now leaving the world as you know it.”
Jul 22, 2013
Changing the incentives for how economists determine both the content of the subject and their approach to scientific research could increase the range of thinking in the profession
Feb 15, 2019
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.