Richard Holden is an ARC Future Fellow. Welcome to our series on economic theories that are changing the way we think. Today, Richard Holden explains two hotly contested theories that attempt to ...

Chris Starmer does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

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Editor's Note: This is the first of a two-part post discussing behavioral economics and how it is being used by British policymakers. Part 1 below focuses mostly on the development and general ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. Richard Thaler won the Nobel prize for economics this week. Thaler won it for his work on ...

CAB drivers have good days and bad days, depending on the weather or special events such as a convention. If they were rational, they would work hardest on the good days (to maximise their take) but ...

The Financial Services Authority indicated that its decision to move away from relying on information disclosure as its main tool for protecting consumers was influenced by the LSE research… The ...

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 ...

This course is available on the BSc in Econometrics and Mathematical Economics, BSc in Economics, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Mathematics, Statistics ...