Dr Costello believes chatbots work where humans fail because they offer rational responses instead of letting emotions get ...

He refused to sit down,” his brother, the author Laurence Leamer, said in a gathering on Zoom to celebrate his brother last ...

“So I switched to economics. People get very shocked by this. I said, ‘You’re all economists—why shouldn’t I go to the highest bidder?’” he recalled in a recent interview in his office at Stanford ...

Traditional economics explains how people make decisions when they have all available information and can take the time to think rationally about their options. However, real-world choices are ...

A prominent Chinese economist just said what many people suspected: China's official GDP numbers may not be accurate. "We do not know the true number of China's real growth figure and maybe some ...

The economist and former head of the Canadian central bank Mark Carney took office as the country's new prime minister on ...

It makes it incredibly hard to make decisions, hire people and move the economy forward. “Let’s talk about a recession and what could be happening for the average person coming up. And here, the signs ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...