Behavioral economics helps investors understand irrational market behaviors and customer choices. Examples of behavioral economic theories include loss aversion and sunk-cost fallacy. Recognizing ...

Academic fraud. Stanford President Marc Tessier-Lavigne has resigned in the face of a data-manipulation scandal involving his past research. This may only be the tip of the the iceberg, as there is a ...

Earning a Ph.D. in economics has long been a reliable path to affluence and prestige. Not anymore. By Noam Scheiber Noam Scheiber briefly attended graduate school in economics. The moment it dawned on ...

Marina Halac, an expert in game theory, contract theory, and mechanism design, has been appointed the Stanley Resor (B.A. 1901) Professor of Economics, effective immediately. She is a member of Yale’s ...