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( 4 Articles Found )

Behavioral Economics has Never Been Hotter

In the span of a few decades, behavioral economics has managed to translate prospect theory the groundbreaking work of psychologists Daniel Kahneman and Amos Tvserky into an important theoretical supplement to classical economics.

Amartya Sen: The Enlightened Economist

Nobel laureate Amartya Sen has made fundamental contributions to at least four fields: social choice theory, welfare economics, economic measurement, and development economics.

Game Theory is used in Strategic Thinking

Game theory borrowed from Economics provides a useful framework to analyze bargaining, bidding and negotiations. Very few companies nowadays think about strategy without adding a bit of game theory.



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