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 ...

Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...

The markets have experienced a week filled with cautious observation and data releases that could shape economic decisions in the near term. Several key events have captured the attention of investors ...

Discover how economists' assumptions shape economic models, affecting predictions about consumer behavior, resource ...

Forbes contributors publish independent expert analyses and insights. Monica Sanders covers climate justice and sustainability from the DMV. Gratitude is typically viewed as a personal virtue. Yet ...

For many years, most Americans rarely had to worry about inflation. The postpandemic era disrupted that experience, with ...