Around the globe, the COVID-19 pandemic has turned daily live upside down since social distancing is probably the most effective means of containing the virus until herd immunity is reached. Social norms have been shown to be an important determinant of social distancing behaviors. By conducting...

Behavioral operations management (BOM) is a rapidly growing field. It relaxes the assumption that "human being is rational" in the decision-making process, considers behavioral and cognitive aspects rooted in psychology to develop models for operations, and processes in production and...

Chapter 1. Prologue -- Chapter 2. Trading: Humans Are Heterogeneous Animals -- Chapter 3. Forecasting: Humans Are Prone-To-Predicting Animals -- Chapter 4. Aggregating: Humans Are Social Animals -- Chapter 5. Innovating: Humans Are Ingenious Animals -- Chapter 6. Epilogue.

Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...