Opinion
Garys Economics on MSNOpinion

How game theory predicts behavior but misses human nature

We explain what game theory actually is in simple terms. It studies decisions where outcomes depend on what others do. The problem is that it assumes people are always selfish and logical. In real ...
Learn how behaviorists explain market inefficiencies through human psychology. Discover key concepts in behavioral economics and finance that challenge rational models.
A foundational 1956 study of the concept, focussed on a U.F.O. doomsday cult, has been all but debunked by new research.
Individuals on the political right may be more vulnerable to conspiracy theories, but the left also struggle in certain areas ...
In the past year, two separate experiments in two different materials captured the same confounding scenario: the coexistence ...
A growing number of medical experts and law enforcement officials are reversing testimony that put parents behind bars. But ...
Cats love to share our spaces, and that keyboard attached to your laptop or PC is no exception thanks to one key way that ...
A new class of ceramics are not only transparent, but they can control light with exceptional efficiency — better than any ...
Saint Augustine There is an ancient saying, attributed to Aesop: “We hang the petty thieves and appoint the great ones to public office.” The comparison between government and robbery is often ...
A key to mental health is feeling connected to your true sense of self. When things start to go astray, a new paper suggests three ways to find your way back to who you truly are.
Critics say that the former Fox host’s comments mark her transformation into conspiracy theorist.