Homo economicus is a financial term that refers to the belief that a human is a rational person who makes economic decisions ...

Most economists subscribe to a belief in “positive economics,” which means that economic theory flows from economic data. Thus, all theory can be tested for ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

We all know, Stephen Dubner said, that drunk driving greatly increases the likelihood of a fatal car crash. But, Dubner and his business partner, economist Steven Levitt, found that you are eight ...

The world runs on equations most people never see and this one may be the most valuable of all. Worth trillions in economic impact, the formula influences markets, pricing, algorithms, and even the ...