Psychology has always been interested in interest. Theories of interest, curiosity, and intrinsic motivation appear in historical classics and in far-flung areas of modern research. The study of interest currently has a home in the psychology of…
lants are essential for human life. They provide the food, shelter, medicines, and biomass necessary for sustainable livelihoods. Virtually all of our food comes
directly or indirectly from plants. More than three-quarters of the world’s people…
In the decades that followed, the economics literature slowly started filling this gap. Evolutionary game theory, preference evolution, learning models, models of bounded rationality with and without optimization, and,
of course, more and more…
Not since the Great Depression have Wall Street and Main Street been so gripped in fear. The lives of those who lived through the Great Depression in the 1930s
were forever changed. Only two generations of almost unbroken prosperity since the 1960s…
Contemplating a book about contrarian investing is like thinking about climbing Mt. Everest. You're excited by the challenge, but overwhelmed by the difficulty. Fortunately, many great investors and thinkers have climbed that mountain before and in…
This book was conceived several years ago when the editors, along with Drazen Prelec and Dick Thaler, spent a year as a working group at the Center for Advanced Study in Behavioral Sciences (CASES). When we weren’t playing volley ball or hiking, we…
Over the last decade or so, behavioral economics has fundamentally changed the way economists conceptualize the world. Behavioral economics is an umbrella of approaches that seek to extend the standard economics framework to account for relevant…