Behavioral economics combines psychology with economics to help explain a consumers decision-making around money. Learn principles, examples and other details related to the theory.

Not “welfare,” as in government programs to subsidize those who can’t make a living, but welfare, as in the dictionary definition: “happiness, well-being, or prosperity” – for everyone.

A recent story on National Public Radio ( link) gives an overview of a subfield of economics called behavioral economics. Behavioral economics incorporates elements of psychology into economic ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Sticky wage theory argues that employee pay is resistant to decline even under deteriorating economic conditions. This is because workers will fight against a reduction in pay, and so a firm will ...

Except for the occasional tome or lecture from one of the industry's wise men, you don't hear quite as much about behavioral economics these days. At the risk of falling victim to a correlation ...

The basic message of behavioral economics is that humans are hard-wired to make judgment errors and they need a nudge to make decisions that are in their own best interest.

If you’re looking to better understand your own brain and only have time to read one book on the subject, it should be Daniel Kahneman’s Thinking, Fast and Slow, now out in paperback. Kahneman ...

Like an oasis in the desert, special purpose vehicles (SPV) can offer investors critical liquidity and capital to exercise pro-rata rights, even in a world where overall returns in venture capital ...

Patient engagement solutions designed using principles from Behavioral Economics (“BE”) can help innovators and care teams to demystify what might seem like an irrational human behavior by: 1 ...