A new report from the National Academies of Sciences, Engineering, and Medicine calls for increased collaboration between behavioral economists and policymakers and examines the future research ...

Behavioral economics provides a framework to understand when and how people make mistakes. The new field of behavioral economics blends insights of psychology and economics, and provides some valuable ...

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 ...

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 ...

I recently participated as an expert panelist at a symposium on behavioral economics held by the Consumer Financial Protection Bureau (CFPB). The goal of the symposium was to understand how behavioral ...

A new study is the first analysis of transgender and cisgender economic behavior, and the first to consider whether sex assigned at birth plays a significant part in economic decisions. Gender and sex ...

Learn what a price taker is, see examples in competitive markets like grain and oil, and understand how they differ from ...

Join us at the "Social Norms and Economic Behavior: Gender Norms, Perceptions, and their Impact" event as we delve into the impact of misperceptions on gender norms and behaviors, highlighting ...

Visit NAP.edu/10766 to get more information about this book, to buy it in print, or to download it as a free PDF. Behavioral economics has had a growing influence on public policy over the past ...