Richard Thaler thinks retail investors shouldn't be trading individual stocks, and such trading is more like entertainment ...

U.S. economists may be barely holding on by their fingernails over the current state of the American economy, but strangely, ...

Behavioral economics pioneer Richard H. Thaler and Alex O. Imas offer a guide to better decision-making when the stakes are high.

Professor Alex Imas explains the behavioral economics that help us understand why people feel differently about climbing ...

Behavioral economics is a burgeoning field that examines the psychological, cognitive, emotional, cultural, and social factors influencing economic decisions. In the context of household decisions ...

While retirement and recordkeeping firms manage more than $40 trillion in assets, representing almost one-third of U.S. household financial wealth, a troubling disconnect persists: participant ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

Salary negotiations can feel like a tricky game where the right strategy can make all the difference. But what if there was a way to use science to boost your chances? Behavioral economics combines ...

What makes us tip? A new study explores two main motives: genuine appreciation for the service and conformity with social ...

Buying a home is a high-stakes game, often with hundreds of thousands of dollars on the line. Making a wrong decision can lead to foreclosure and bankruptcy; making the right decision can generate ...

Behavioral economics helps investors understand irrational market behaviors and customer choices. Examples of behavioral economic theories include loss aversion and sunk-cost fallacy. Recognizing ...