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

Behavioral economics pioneer Richard H. Thaler and Alex O. Imas offer a guide to better decision-making when the stakes are high.

Throughout any given year, the National Academies convene hundreds of conferences, workshops, symposia, forums, roundtables, and other gatherings that attract the finest minds in academia and the ...

Richard Thaler thinks retail investors shouldn't be trading individual stocks, and such trading is more like entertainment ...

Six Sigma, a quality-control methodology first developed for manufacturing, is now used by business and organizations of all ...

Buying a home is a high-stakes game, often with hundreds of thousands of dollars on the line. Making a wrong decision can lead to foreclosure and bankruptcy; making the right decision can generate ...

Discover how Alternative Trading Systems (ATS) function, their importance, types like dark pools, and the SEC regulations ...

Behavioral economics provides a framework to understand when and how people make mistakes. The new field of behavioral economics blends insights of psychology and economics, and provides some valuable ...