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 ...

Opinion: More aid to consumers urgently needed

A significant pillar that has prevented more drastic declines in consumer sentiment has been the widespread belief that the coronavirus crisis will be temporary. Consumers provided dismal assessments of current economic conditions ...

Carbon pricing may be overrated, if history is any indication

A common demand in discussions about climate change is to respect the science. This is appropriate. We should all be paying close attention to the urgent and terrifying conclusions being published by climate scientists.

Fatal flaws in UK Government's price of a life

The measurement by which the UK Government attaches a monetary value to saving a human life is invalid and should be overhauled, according to Professor of Risk Management at the University of Bristol, Philip Thomas.

Mobilising the social sciences to rethink finance

Ten years have passed since the collapse of Lehman Brothers: this unprecedented event remains today a topic of the greatest concern. Indeed, regulation theory teaches us that the major financial crises – those of 1929 and ...

Alpha leaders tend to be front-runner candidates

The tenets of Social Darwinism may have lost favor long ago, but the rise of political populism in the 21st Century continues to support the maxim that "the strong survive", and are most adept at leading during challenging ...

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