Behavioral economics pioneer Richard H. Thaler and Alex O. Imas offer a guide to better decision-making when the stakes are high.
For roughly two decades, the new science of behavioral economics has been challenging what economists call “rational choice theory.” Rational choice theory described that primate species called Homo ...
As a behavioral economist, Dan Ariely studies the way people make economic decisions. His conclusion? We don't do it the way economists typically say we do. Instead, he finds, humans are "predictably ...
I frequently see investors get into trouble by trying to anticipate irrationality and trading on that prediction. The market frequently does act irrationally, but the better way to take advantage is ...
This weekend saw the publication by Joe Weinman, coiner of the term "Cloudonomics," of a blog post called "Lazy, Hazy, Crazy: The 10 Laws of Behavioral Cloudonomics". Joe has published a great deal ...
Rational Emotive Behavior Therapy (REBT) is an established cognitive-behavioural intervention centred on identifying and challenging irrational beliefs that contribute to emotional disturbances.
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