Prospect theory [1, 2, 3] has perhaps been one of the most influential theories within psychology and behavioral economics. Daniel Kahneman won the Nobel prize for this work. Prospect theory and ...

Learn how behaviorists explain market inefficiencies through human psychology. Discover key concepts in behavioral economics and finance that challenge rational models.

When it comes to financial affairs, there are two schools of thought: Traditional financial theory and behavioral finance. Traditional financial theory assumes that people make decisions by gathering ...

Go to a hospital emergency department with symptoms of a physical emergency such as chest pain or a broken leg and you’ll be met by a team of doctors and nurses who know exactly what to do. They will ...

Would it have under Trump 2.0? As a second Trump administration takes shape, concerns are mounting over the future of behavioral health progress in federal policy. The reasons include proposed steep ...

The growing ubiquity of artificial intelligence (AI) in applications is rapidly changing everyday life, underscoring the need to understand its social intelligence. A new AI study examines the social ...

It aims to help you notice negative thoughts and feelings, and then reshape them in a more positive way. It also teaches you how these thoughts and feelings affect your behavior. CBT is used to manage ...

Using game theory, researchers modeled two ways of prioritizing vaccinations, to see which saved more lives. By Siobhan Roberts Madhur Anand, an ecologist, and her husband, Chris Bauch, a mathematical ...