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.

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, ...

People with higher IQs make wiser economic choices, study finds

People with higher measures of cognitive ability are more likely to make good choices in several different types of economic decisions, according to a new study with researchers from the University of Minnesota's Twin Cities ...

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?

Microchips' optical future

Computer chips are one area where the United States still enjoys a significant manufacturing lead over the rest of the world. In 2011, five of the top 10 chipmakers by revenue were U.S. companies, and Intel, the largest of ...

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