Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

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.

Here is a four-step process to work with and through ambiguity to make careful, reasoned decisions. Editor's note: This story is available via the Harvard Business Review. It and other HBR stories are ...

Leadership is often associated with making tough decisions, and leaders are frequently judged by the decisions they make and their impacts. However, how these decisions are made can have a significant ...

In a perfect world, all investors would make what finance professors call “rational economic decisions.” Essentially saying that as investors, our actions would be rational, risk-averse, and maximize ...

Loïc Berger receives funding from the Agence Nationale de la Recherche (ANR) under the project INDUCED (ANR-17-CE03-0008-01). Loïc Berger is associate researcher at the European Institute on Economics ...