In his New York Times bestselling book Moneyball, Michael Lewis tells the story of Billy Beane, the general manager of the Oakland A’s, and how, despite having half the budget of some of the ...

Behavioral economics suggests that using a simple decision rule in complex situations arises from the trade-off between accuracy and effort: the harder the decision, the more willing we are to use a ...

As the column’s name suggests, Thaler set out to challenge standard economic thinking by testing economic anomalies—in other words, what happens when our irrational, some might say human, selves are ...

Investing in the financial markets is a complex endeavor influenced not only by economic factors and market dynamics but also by human behavior. Traditional finance theory assumes that investors make ...

Learn how Nobel Laureate Daniel Kahneman's work in behavioral economics revolutionized the understanding of human ...

In the age of big data, analytics and algorithms, an array of behavioral techniques are expected to help employees understand their benefits, crunch the numbers and make smarter decisions. Processing ...

In Texas, most parents who go to prison still owe child support even though they might not have a job. That’s a problem for inmates because the typical inmate responsible for chlld support payments in ...

Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...

(JTA) — Daniel Kahneman, the Nobel Prize-winning Israeli psychologist who broke new ground in and found a large audience for his dissection of how humans make decisions, died Wednesday. He was 90 and ...

Isn’t it tragic that so many prominent leaders rely on their intuition for their decision-making process? Gut reactions are seen as something almost magical, acquired either by hard-earned experience ...

Effective decision making to avoid failures and maximize success is your key role as a leader: that’s why “decision-makers” is synonymous with leaders. Yet how can you ensure that your decision making ...