Discover the concept of homo economicus, its origins, and why it's essential in economics. Explore its rational decision-making model and its limitations today.

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

When you purchase an independently reviewed book through our site, we earn an affiliate commission. For someone who so frequently and serenely proclaims that he’s right, Steven Pinker can get ...

McKinsey Quarterly has published recently an interview with Nobel laureate Eric Maskin and myself on leadership, decision-making and the role emotions and rationality play in both. I am bringing here ...

“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 ...