In explaining individual behavior in politics, economists should rely on the same
motivational assumptions they use to explain behavior in the market: that is what Political …

Behavioral economics began with the intention of eliminating the psychological blind spot in
rational choice theory and ended up portraying psychology as the study of irrationality. In its …

Can the general public learn to deal with risk and uncertainty, or do authorities need to steer
people's choices in the right direction? Libertarian paternalists argue that results from …

There is inconsistency in many people's choice of electricity. When asked, they say they
prefer a 'green'(ie, environmentally friendly) source for this energy. Yet, although green …

For a research program that counts improved empirical realism among its primary goals, it is
surprising that behavioral economics appears indistinguishable from neoclassical …

Statistical illiteracy can have an enormously negative impact on decision making. This
volume of collected papers brings together applied and theoretical research on risks and …

Insufficient access to affordable, safe and reliable energy services deprives individuals of
the essential means to live a good, satisfactory and just life. This problem is becoming more …

In the philosophy of science why-questions are a way to address the foundations of scientific
explanation. For Bas van Fraassen (1980), a theory of explanation is essentially a theory of …

Previously reported effects of institutional quality and political risks on foreign direct
investment (FDI) are mixed and, therefore, difficult to interpret. We present empirical …

While behavioral economics has had a major impact on positive theorizing in economics, it
remains unclear what exactly those new insights about deviations from rational choice mean …