Behavioral Economics

Dozens of collaborations between behavioral scientists and government agencies are on display in two new reports emanating from Washington, D.C. and the United Kingdom. Annual reports from the White House’s nascent Social and Behavioral Sciences Team (SBST) and the UK’s Behavioural Insights Team (BIT) are now available online, and reflect More

When it comes to decisions about buying and selling, businesses are supposed to use evidence and observations about the market for goods to make profitable decisions. In classical economics, it’s assumed that people make financial decisions based on rational rules of thumb—buy low, sell high, diversify portfolios, that kind of More