Nudging out the coronavirus with behavioral economics

Human behavior is key in any pandemic. So how can a little nudge in the right direction change our behavior for the better? Researcher Nurit Nobel explains the science behind encouraging good behaviors—and how it can help ...

Global study confirms influential theory behind loss aversion

A new global study offers a powerful confirmation of one of the most influential frameworks in all of the behavioral sciences and behavioral economics: prospect theory, which when introduced in 1979, led to a sea change in ...

Nudging does not necessarily improve decisions

Nudging, the concept of influencing people's behavior without imposing rules, bans or coercion, is an idea that government officials and marketing specialists alike are keen to harness, and itis often viewed as a one-size-fits-all ...

Researcher discusses the the science replication crisis

If there's a central tenet that unites all of the sciences, it's probably that scientists should approach discovery without bias and with a healthy dose of skepticism. The idea is that the best way to reach the truth is to ...

Richard Thaler wins Nobel for work in behavioral economics

The Nobel prize in economics was awarded Monday to Richard Thaler of the University of Chicago for research showing how people's choices on economic matters—whether on savings or game shows like "Deal or No Deal"—are ...

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