Emotional responses to stimuli create unique physical fingerprints, called somatic markers, which can influence economic decision making, including investing.

In modern economies, which are characterised by complexity and continuous change, information plays a vital role in resource allocation and price developments. Analysts and professionals base their ...

A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in general, make ...

This essay has focused on ethical decision making in economic organizations. A parallel process of ongoing discernment is occurring in organizations dedicated to political and policy formulation.

Effective Economic Decision-Making by Nonprofit Organizations edited by Dennis R. Young This collection of essays, written primarily by scholars, discusses how nonprofit organizations can apply common ...

What the passion of soccer fans reveals about economic decision making English Premier League fans bet on their favorite teams even against the odds, highlighting the role of emotion rather than ...

Discover the core principles of Behavioral Economics to enhance outcome prediction and develop a customer-focused strategy.

In research published today in the Review of Behavioral Economics, Dr. Mahmoudi theorizes an aspect of relative thinking explaining people may use ratios in their decision-making when they should ...