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

Behavioral science has influenced and shaped policies and business practices for years. For its insights to be more effective ...

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 ...

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

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

With Berkshire Hathaway's book value per share over- or under-estimating the true value of its businesses, Warren Buffett prefers alternatives to this accounting metric.

Psychological biases are those sneaky mental shortcuts your brain takes, often without your conscious consent. While they can ...

Cal’s head football coach, Justin Wilcox, earned the title of highest paid state employee last year, earning $4.7 million.

It’s impossible to ignore that baseball is the best microcosm for the modern American economy among all professional sports ...

In 1985 a new college graduate named Michael Kremer traveled to Kenya hoping to learn more about a topic he had studied at Harvard: economic development in low-income countries. He didn’t anticipate ...

In the 1980s and ’90s, SFI played laboratory to a promising new method known as agent-based modeling. In ensuing decades, ...

Millions of older Americans suffering from insomnia regularly use prescription sleep medications, despite the risk of serious side effects-such as falls, broken bones ...