Behavioral economics needs biology. How lived experience, emotion, and development shape the choices people make.

Unexpected crises or events, such as the COVID-19 pandemic or natural disasters, can cause disruptions to a city's economy. For instance, forcing businesses to temporarily close or hindering their ...

Discover how Engel's Law explains shifts in household spending as incomes rise, its impact on food expenditure, and its ...

Behavioral economics studies how psychological tendencies influence economic decisions and outcomes. Concepts such as loss aversion and bounded rationality explain why people evaluate outcomes ...

Discover how the Michigan Consumer Sentiment Index reveals U.S. economic health and consumer confidence, impacting financial ...

Join us at the "Social Norms and Economic Behavior: Gender Norms, Perceptions, and their Impact" event as we delve into the impact of misperceptions on gender norms and behaviors, highlighting ...