The Atlantic: The term “the economic man,” or homo economicus, is attributed to John Stuart Mill. It represents one way economists have studied people for decades—as rational, self-interested actors whose behaviors and actions can be modeled. But then came the psychologists. Daniel Kahneman and Amos Tversky are often referred to More
FiveThirtyEight: Every time we buy something with our credit cards, whether at a high-end restaurant or a local bodega, merchants pay a percentage of the transaction to companies like Visa and MasterCard. These “swipe fees” are the subject of a long-simmering feud between retailers, which have profit margins to protect More
APS Fellow Howard C. Nusbaum serves in a leadership position at the National Science Foundation. From this vantage point, he devotes a guest column to discussing how even the most robust science is still vulnerable to human error.