People are not irrational-at least not as much as we are led to believe. This is because the brain is economic. That is, brains have a limited amount of energy to achieve necessary goals like survival ...

“Wisdom shouts in the street; in the public square she raises her voice.” Proverbs 1:20 Common English Bible The Biblical book of Proverbs is full of imagery of wisdom personified as a woman calling ...

Are we, the human species, unreasonable? Do rational arguments have any power to sway us, or is it all intuition, hidden motivations, and various other forms of prejudice? The answer isn't simple, but ...

Humans are often full of uncertainties as we face life’s daily challenges. A meteorologist might tell us there’s a 60% chance of snow today, or an economist might say she’s 40% certain that a stock ...

People tend to get highly emotional about issues they regard as matters of morality, and they generally attempt to avoid or even punish individuals they regard as immoral. The heated response to moral ...

Imagine a future society in which everything is perfectly logical. What could go wrong? “Scientism” is the belief that all we need to solve the world’s problems is – you guessed it – science. People ...

To date we have taken apart the firm and examined where institutions offer no advantage over bargaining by individuals, or relying on the price mechanism. We have seen two early explanations for ...