How artificial intelligence is changing economic theory

A century of economic theory assumed that, given their available options, humans would always make rational decisions. Economists even had a name for this construct: homo economicus, the economic man.

Video: The real risks of a pandemic

The COVID-19 pandemic is a reflection on our society and shows us just how vulnerable we are, despite all the advanced mathematical models that are supposed to make policy- and decision-makers aware of the potential risks ...

Game theory research reveals fragility of common resources

New research in game theory shows that people are naturally predisposed to over-use "common-pool resources" such as transportation systems and fisheries even if it risks failure of the system, to the detriment of society ...

Researchers determine how groups make decisions

From Beats headphones' rise to prominence or a political candidate's surge in the polls to how ants and bees select a new nest site, decisions emerging from groups frequently occur without a leader.

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