Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business ...

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Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion. To many young people, the idea of efficient ...

Kai Ryssdal: It may not be what you want to hear in the middle of the worst recession in 75 years, but the market? It has no idea what it’s doing. Believe it or not that’s a fairly recent discovery.

In a previous post, we considered three of seven "irrational" habits of highly rational people. Here we consider the remaining four, as well as some suggestions for distinguishing the genuinely ...

“ARE economists human?” is not a question that occurs to many practitioners of the dismal science, but it is one that springs to the minds of many non-economists exposed to conventional economic ...