Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

Prof. Richard Thaler received a Nobel Prize in 2017 as one of the founding figures of behavioral economics, a growing field aimed at understanding why we make the decisions we do and even how to ...

Hmm. Maybe he understood behavioral economics after all. And so did my son, by the way. He came home, dried out, waited for the rain to subside, and then went back to the festival to see the night ...

How do we understand illicit violence? Can we prevent it? Building on behavioral science and economics, this book begins with the idea that humans are more predictable than we like to believe, and ...

What is the Behavioral Economics revolution and how did Shiller, Kahneman, and Thaler challenge existing thinking? Shiller is one of the founders of behavioral economics, behavioral finance in ...

Who we think we are affects how we learn, what kind of work we do, and even the shoes we wear.

Behavioral finance offers a unique perspective on investment decision-making. Integrating psychology and traditional finance theory can minimize emotional decisions and mitigate their impact.

You may not know it—we all use economics every day. Economics is the science of decision-making and how to create value through trade. Since we make decisions and we trade every day, we all use ...

From corporate finance, industrial organization, and international business, to markets, competition, and government regulation, HBS doctoral students in Business Economics delve into some of the most ...

We may need to take a hard look in the mirror. According to a new working paper, the recipients of major economics prizes, including the Nobel, have collectively spent half their career at just ...

What does the world need to do to become “Business Ready”? A healthy business environment and strong private sector are foundations of economic growth: generating jobs, boosting investment and ...