There has been sustained interest across behavioral and social sciences - including psychology, economics and education - in the question of whether people are born to be rational decision makers or ...

Discover the concept of homo economicus, its origins, and why it's essential in economics. Explore its rational decision-making model and its limitations today.

John Rust, an economics professor at Georgetown University, spoke about the rational capacities of humanity and artificial intelligence (AI) at a Feb. 21 lecture to members of the university community ...

A new study found that education can be leveraged to help enhance an individual's economic decision-making quality or economic rationality. There has been interest across behavioral and social ...

Journal of Business Ethics, Vol. 108, No. 1 (June 2012), pp. 49-60 (12 pages) This study examines the system-deciding principle of economic rationality for its logical soundness and effects in global ...

In much of the developing world, especially among rural populations who usually are the majority, field researchers find that fertility is high and fairly stable and that there is little evidence ...

http://www.investmentnews.com/wp-content/uploads/assets/graphics src="/wp-content/uploads2018/11/CI1176951031.JPG" Making a sandwich is easy. Making a perfect ...

Every day we all have to make trade-offs between various goods, services, and opportunities. So when we spend our money, most of us try to make sure the benefits of what we purchase or invest in ...

In the age of the selfie, one particular self-portrait matters more than the rest: the image of humanity that has been created by economists. Like most selfies, this one distorts reality, but unlike ...

With the forces of inflation biting harder and with government initiatives to boost local agricultural efforts yet to kick in completely, the decision of the federal authorities to import essential ...

Money is a powerful force in human life and affairs. Its very power gives pause to those who look to evolution for full explanations of human behavior, because money has not existed long enough to ...