Americans' outlook for the economy is mixed and has grown a bit more pessimistic since last month, with relatively more ...

Meanwhile, the Census Bureau reported that new home sales rose 1.8% in February to an annual pace of 676,000, down from ...

An economic model is a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. An important feature of an economic model is that it is necessarily ...

However, real-world choices are often limited by deadlines, uncertainty, and risk, leading to behavior that may seem irrational out of context. Behavioral economics offers insights on how people ...

Conference Board surveys point to unease about job security and raise questions about Americans' future spending.

Behavioral economics is grounded in empirical observations of human behavior, which have demonstrated that people do not always make what neoclassical economists consider the “rational” or “optimal” ...