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Behavioral interventions have become central to modern public policy, but their empirical promise remains contested because estimated treatment effects often appear small. We argue...
by Benjamin Skjold, Simon Richard Steinkamp, Colm Connaughton, Oliver James Hulme, Ole Peters Decision theories commonly model human behavior as maximizing the expected value of a...
<p>Adding a small, meaningful amount of friction at sign-up can improve follow-through on behaviors that require ongoing effort.</p>
That is the title of a recent book by Beatrice Magistro. Some key results are: Economic knowledge consistently predicts higher support for welfare-enhancing policies (Eurozone mem...
You know how we talk about the two modes of microeconomic reasoning? For example, here: The logic of social science can work in two directions: generative modeling predicts behavio...
Discover 6 fascinating books that reveal the hidden economic forces behind everyday decisions, habits, markets, and human behavior.
Describe an option as a gain, and people play it safe; describe the same option as a loss, and they gamble. No presentation is frame-free, so pick the frame that maximizes comprehe...
by Binod Pant, Marko Lalovic, István Z. Kiss, Mauricio Santillana During epidemic outbreaks, populations adapt their behavior in response to disease burden, fundamentally altering...
Fear, greed and the fear of missing out (FOMO) are increasingly driving investment decisions among retail investors, often leading to costly mistakes. Experts say understanding beh...
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