Behavioral economics needs biology. How lived experience, emotion, and development shape the choices people make.

Studies testing the effectiveness of public health policies, like stop-smoking campaigns or exercise classes, often report outcomes at six or 12 months. To inform policy decisions, predicting the ...

Behavioral economics studies how psychological tendencies influence economic decisions and outcomes. Concepts such as loss aversion and bounded rationality explain why people evaluate outcomes ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...