Why do we become irrational when spending money? Economists explain
A discussion by economists on how behavioral economics reveals the irrational aspects of human decision-making regarding money.
Behavioral Economics: Only with Elbows Up? - 'That's Nonsense'
Matthias Sutter discusses the conditions for human cooperation and warns about the detrimental effects of unilateral actions by powerful figures like Donald Trump.
"Economic Advisors" Turmoil: Advisors for a Free Market Economy
The article discusses the departure of economist Ulrike Malmendier from the German Council of Economic Experts, highlighting political and analytical independence concerns.
Are you paying for purchases at a self-checkout? Your bill could be higher by as much as 25 percent. What is it due to?
Research shows that customers using self-checkout kiosks are likely to exceed their planned budgets due to factors like reduced social pressure and software design that encourages spending.
AI needs behavioral insight to drive inclusive growth — Abodunrin
Adeoye Abodunrin emphasizes the need for integrating behavioral economics into AI policy to prevent the reinforcement of social and economic inequalities in Africa amidst the continent's rapid adoption of artificial intelligence.
What I Learned About People
The author, a behavioral and experimental economist, highlights the significance of small changes in policy design that can greatly influence people's behavior and the effectiveness of public policies.