Parrots' economics

An economic decision-making involves weighing up differently beneficial alternatives to maximise profits. This sometimes requires foregoing one's desire for immediate rewards. Not only does one have to control one's own impulses, ...

Flood protection is everyone's responsibility

The complex interactions between floods and society are currently being investigated at TU Wien. The economy needs the central government to organise flood protection. Humans have an impact on water sources through dams, ...

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.

Playconomics video game teaches theory of economics

So economics really is a game after all. Two economics lecturers have found that the fastest route to an undergraduate's brain is to use a computer game that plays out the theory of economics.

The power of packaging in consumer choices

When it comes to deciding what food to eat, one might expect that people's choices will be driven by past experience and personal preference, but how does the general appearance of the package impact buying decisions of consumers?

Empowering women in Afghanistan

In recent decades, Afghanistan has been a notoriously difficult place for women to participate in civic matters. But a new study co-authored by an MIT political scientist, which assessed Afghanistan's largest development ...

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