Prospect theory [1, 2, 3] has perhaps been one of the most influential theories within psychology and behavioral economics. Daniel Kahneman won the Nobel prize for this work. Prospect theory and ...

Go to a hospital emergency department with symptoms of a physical emergency such as chest pain or a broken leg and you’ll be met by a team of doctors and nurses who know exactly what to do. They will ...

When it comes to financial affairs, there are two schools of thought: Traditional financial theory and behavioral finance. Traditional financial theory assumes that people make decisions by gathering ...

Discover how endogenous growth theory explains economic growth from within through innovation, human capital, and internal factors, impacting nations' prosperity.

Would it have under Trump 2.0? As a second Trump administration takes shape, concerns are mounting over the future of behavioral health progress in federal policy. The reasons include proposed steep ...

The growing ubiquity of artificial intelligence (AI) in applications is rapidly changing everyday life, underscoring the need to understand its social intelligence. A new AI study examines the social ...

Using game theory, researchers modeled two ways of prioritizing vaccinations, to see which saved more lives. By Siobhan Roberts Madhur Anand, an ecologist, and her husband, Chris Bauch, a mathematical ...