Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...

Putting moral insight back into economics enhances understanding of political outcomes For much of the 20th century, the disciplines of moral psychology and economics were seen as distinct—each ...

Bird flu has led to an egg shortage in the US. This has affected consumer behavior. This situation has led panic buying and significant shortages across the country. Virginia Tech economist Jadrian ...

Prominent economist Mohamed El-Erian warns that the United States’ recent economic behavior is creating instability, not just at home, but across global markets. What Happened: In a column published ...

Human behavior is driven less by rational decision-making and more by habit. Over the past decade, millennials have gradually reshaped daily routines to reduce ...