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 ...

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 ...

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 ...