On the old view of human economic decision-making—human beings are rational. In the last few years, cognitive psychologists have revolutionized economics—by demonstrating that economic decisions are ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...

Would you rather have $500 today or $550 in 12 months? A large study involving more than 60 countries finds that individuals across income groups and locations often prefer immediate gains at the ...

Behavioral Economics—an eight-week virtual program that blends self-paced online modules with live-online sessions led by Chicago Booth faculty—helps executives make more effective decisions. Discover ...

A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in general, make ...

At the start of 2025, the global economy is on the brink of massive change. By some estimates, there is an $80 trillion demand for long-term capital to fund a transformation on par with the Industrial ...

A feasibility study analyzes all of the critical aspects of a proposed project. Understand how these studies work, how to conduct them, and the benefits involved.

TROY, N.Y. — A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in ...