Artificial intelligence is starting to sit in for human subjects in classic economics games, from financial markets to public ...

SEOUL, May 22 (UPI) --An economic theory has sparked controversy during South Korea's presidential campaign, with the opposition leader introducing a classic economic metaphor called the "hotel ...

Classic economic theory assumes low-income people would stop working if governments gave them money as a strategy to reduce poverty. New research co-authored by a Cornell expert in industrial ...

As everyone knows, free markets are important because they voluntarily bring together willing buyers and sellers. Supply and demand are the sine qua non of economics. In fact, so important is their ...

There has been a fascinating struggle going on within the field of economics since the 1970s. Historically, economics has been known as the “dismal” science because of its ruthless belief that people ...

Behavioral Investment Theory connects economics with psychology.The reason why psychological research has begun to have a significant impact on economic theory becomes apparent when one considers the ...