Mistakes and rethinking behavioral economics

Behavioral economics is a field that seeks to understand how people make decisions about things they want and need. The field relies on a collection of theories—models—that predict how people will make choices in a variety ...

Default options facilitate faster carbon offsetting in air travel

The defaults on a carbon offsetting website can cause a large percentage of customers to select faster CO2 compensation, even if this entails higher costs. In cooperation with a web portal offering carbon offsetting, a research ...

How inflation is influencing the way we think and behave

Driven largely by soaring gas prices, inflation reached levels not seen in decades over the last year, according to new Consumer Price Index data. Prices at the pump helped accelerate inflation to 8.6% for the 12 months ending ...

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