Behavioral Economics

    Research increasingly demonstrates that neoclassical models of human behavior and markets are too narrow. Our researchers are reconnecting with the social sciences, exploring psychology and human behavior in order to develop a more realstic approach to economics.

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    How Dated Theories & Underlying Research Misguide Policy

    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. Read more