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 ...

Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...

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 ...

This analysis was conceived by its author as a trilogy of commentaries in the wake of Decision 16/2 from the 16th Conference of the Parties (COP) to the UN Convention on Biological Diversity (CBD).

Daniel Kahneman, who understood that not all economic decision-making is strictly rational, has died at the age of 90. His research, which focused on the ways human psychology can warp rational ...

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 ...

As data analytics increasingly shapes economic and social decision-making, its application is no longer confined to large corporations or institutional settings. Instead, analytical frameworks are ...

Explore intertemporal equilibrium, an essential economic concept that analyzes how current and future decisions affect ...