Utility Theory

    At the Institute, we're expanding the way economists think about human welfare.
    By exploring the philosophical and psychological foundations of Utility Theory, we can better understand human happiness and behavior.

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    Irreducible Uncertainty and its Implications: A Narrative Action Theory for Economics.

    At the heart of economics is a theory of action. It reflects views about how human beings make economic decisions and leads to an analysis of aggregate consequences. Read more

    Networks in the Laboratory

    This chapter surveys experimental research on networks in economics. Read more