In 2005 I wrote a letter to the Financial Times describing the unsustainable nature of the financial instruments (derivatives) then being sold as insurance to protect investors from losses in other assets, failure of institutions and other untoward events. The complexity of these instruments and...

Journal quality is a major consideration for authors, readers, and promotion and tenure committees. Unfortunately, no objective quality measure exists for most behavioral economics and socio-economics journals. To address this need, the number of articles that cited each journal in these fields...

In this paper, we will incorporate gender consciousness into critiques of the rational actor model by revisiting Carol Gilligan's account of moral development. Economics itself, led by the insights that have come from game theory, is reexamining trust, altruism, reciprocity and empathy....

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

Applied behavioral science has made its mark identifying and correcting for cognitive biases and noise as causes of “irrational” decision-making that lead individuals to act against their self-interest. However, its reliance on surfacing behavioral insights largely through decontextualized...

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

The question of whether lawyers and managers behave selfishly or fairly has inspired discussion for a long time. Empirical evidence, however, is sparse. Using data from an experiment with 359 law and business administration students, we investigate this question empirically and provide first...