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 ...

This Collection supports and amplifies research related to SDG 08 - Decent Work and Economic Growth and SDG 16 - Peace, Justice and Strong Institutions. Why do some countries achieve sustained ...

The tax overhaul bill before Congress has a professed rationale that rests on economic theory. As neuroscientists who study decision making, we would like to raise a very serious objection to this ...

Classical economic theory defines the factors of production as the three broad categories of input -- capital, labor and land (or natural resources) -- that contribute to the production of finished ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Michael Boyle is an experienced financial professional with more ...

The Theory of Games From it is being forged a new tool for the analysis of social and economic behavior. The new approach already has shown its superiority to classical economic theory ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...