Discover the Austrian School of Economics, its key principles, major contributors like Menger and Hayek, and its influence on economic thought and policy today.

An Introduction to Ergodicity Economics is a new textbook that draws on physics to re-examine traditional economic theory. It ...

Expected value calculates average future investment returns based on outcome probabilities. In finance, expected value guides portfolio construction and when to sell assets with lower future value.

Those of you who follow this platform's work closely have seen this stated once before. It bears repeating for the sake of argument. HBO may have jumped the gun last season. It feels like this should ...

Objective: Grounded in the expectancy-value theory, this study examined how parental expectancy-value beliefs influence children's physical activity, as well as the mediating roles of parental ...

Whether or not you’ve heard the term “queer theory,” it’s likely to have impacted some aspect of your life. Click through to learn what queer theory is, how it's used, and who has been involved with ...

Abstract: This paper proposes a prospect theory (PT)-based bidding model of a prosumer in the power market. Unlike existing efforts of the bidding model that assume the rational behavior of the ...

More than 6 in 10 survey respondents say they expect their healthcare organizations to see higher revenue from value-based care arrangements this year than in 2024, according to a joint report from ...

George Gilder and Gale Pooley rightly note that a useful measure of how much things cost is how long we must work to earn enough to purchase them (“We Should Measure Prices in Time,” op-ed, April 17).

An argument can be made that nature and labor are the ultimate sources of all value—an argument that Karl Marx made in his Critique of the Gotha Program. An apple has value because it is nourishing ...