Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...

Introduction: Moving Beyond Predictive Accuracy  Prediction has been traditionally the backbone of applied data science. From ...

In a large group of independent decision-makers, those who reach a decision most quickly also tend to be those with the strongest initial biases. The finding comes from a mathematical model of ...

The Center for Research in Experimental Economics and Political Decision Making (CREED) at the University of Amsterdam combines research approaches from behavioral economics, psychology, and ...

LITTLE ROCK, Ark. (KATV) — Students at Baker Elementary, a school in the Pulaski County Special School District, are learning more than just math and science, they are also learning about the economy.