Currently browsing "Behavioral Economics"

How We Really Make Decisions

For centuries, philosophers, economists, and social scientists assumed that human beings are generally rational. Daniel Kahneman upended that assumption with findings that continue to reverberate through several scientific disciplines and […]... More>


Observer Article

What We Know Now: How Psychological Science Has Changed Over a Quarter Century

APS highlights some of the fields that have emerged or matured, how they have integrated other scientific disciplines, and how researchers are collaborating with international peers. ... More>


Big Salary Hikes Today Could Lead to a Psychological Fall Tomorrow

Hefty pay raises and commissions today may heighten the pain when business slows down and salaries are frozen, research suggests. ... More>


The Cost of Racial Bias in Economic Decisions

New research suggests that people’s racial biases make them more likely to leave money on the table when a windfall is not split evenly between groups. ... More>


High Earnings Can Hamper Happiness

When legendary economist John Maynard Keynes predicted that by 2030, most people would have to work only 15 hours a week to make a comfortable living, he never factored in […]... More>