Behavioral economics provides a framework to understand when and how people make mistakes. The new field of behavioral economics blends insights of psychology and economics, and provides some valuable ...

Several years ago, at Monte Carlo, I watched a giddy woman decked in pearls and diamonds winning all evening at the blackjack table, ultimately collecting stacks of chips worth almost 8,000 euros. At ...

One of the dominant ways of thinking about addiction is as a disease. While there is evidence for this approach, it often ...