Established in 1915, Monthly Labor Review is the principal journal of fact, analysis, and research from the Bureau of Labor Statistics, an agency within the U.S. Department of Labor. Each month, ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...

Behavioral Economics—an eight-week virtual program that blends self-paced online modules with live-online sessions led by Chicago Booth faculty—helps executives make more effective decisions. Discover ...

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I recently participated as an expert panelist on a symposium on behavioral economics held by the Consumer Financial Protection Bureau (CFPB). The goal of the symposium was to understand how behavioral ...

Michelle Baddeley is Director and Research Professor at the Institute for Choice, University of South Australia. Today, it seems as though everyone is talking about behavioral economics. Governments ...

Behavioral economics uses an understanding of human psychology to account for why people deviate from rational action when they’re making decisions. In the model of rational action assumed by ...

Behavioral economics helps investors understand irrational market behaviors and customer choices. Examples of behavioral economic theories include loss aversion and sunk-cost fallacy. Recognizing ...