As Korea has developed into the 10th-largest economy in the world, many in Korea now wonder when the country will win a Nobel Prize in the five scholarly categories. Frustrated, Korea’s basic science ...

The provision and pricing of water and electricity services are perennial policy concerns in developing countries. In this talk delivered on December 8, 2020, World Bank economist Hanan Jacoby helped ...

Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI). Titles, ...

But while I still believe financial literacy stories won’t land my by-line on the front page, I now have a much better appreciation of it, but more so in relation to behavioral economics, thanks to ...

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 combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

I know, I know--too much is made of the Obama administration's affinity for behavioral economics. (Frank and I tried to preempt that criticism in our piece about Obamaism by downplaying the behavioral ...