Behavioral economics pioneer Richard H. Thaler and Alex O. Imas offer a guide to better decision-making when the stakes are high.

A section of students participants of the Writers' Forum hold Generation Next pull outs during Forum's meeting at Mang'u High School in Kiambu on May 28 2015. This year’s Nobel Prize in economics went ...

The Financial Services Authority indicated that its decision to move away from relying on information disclosure as its main tool for protecting consumers was influenced by the LSE research… The ...

Daniel Kahneman, who understood that not all economic decision-making is strictly rational, has died at the age of 90. His research, which focused on the ways human psychology can warp rational ...

Since the Reagan years, social scientists, political pundits and media types have questioned why many people vote contrary to their economic interests? Such behavior is irrational, a preference for ...

Human emotion can cause investors to make irrational decisions, such as panic selling during a market downturn or buying a high-flying stock based on overconfidence or fear of missing out. Reactions ...