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2 days ago · His research expertise lies in the history of moral and political philosophy, rational choice theory, public reason theory, distributive justice, the welfare state, and political economy. He is the author of Minimal Morality: A Multilevel Social Contract Theory (Oxford University Press, 2018) and Contractarianism (Cambridge University Press, 2020).
1 day ago · When it comes to consumer behaviour, understanding the psychology behind choice is paramount. Studies suggest that emotions play a pivotal role in decision-making, and consumers often make choices based on a combination of rational and emotional factors.
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5 days ago · Behavioural finance is an interdisciplinary field that combines insights from psychology and economics to explain why investors often make irrational financial decisions. It challenges the ...
2 days ago · The Behavioral Economics and Psychology (BEEP) program aims to train students in a comprehensive set of skills necessary to understand how economic actors make decisions in real-life settings, to understand how these decisions affect economic and social outcomes and to design interventions to improve these outcomes. Concretely, students will:
3 days ago · He had a wide-reaching influence on contemporary economics, politics, philosophy, sociology, psychology and anthropology. For example, Hayek's discussion in The Road to Serfdom (1944) about truth, falsehood and the use of language influenced some later opponents of postmodernism .
- Austrian (1899–1938), British (1938–1992)
4 days ago · economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made.
17 hours ago · Based on Thermodynamics and its well-established First and Second Laws, this work presents and explores their economics counterparts, introducing new concepts, variables, and equations. This includes, among others, the economic counterparts of temperature, reversibility and irreversibility, and entropy and entropy generation resulting from economic irreversibility. The meaning of the new ...
