When survival over generations is the end game, researchers say it makes sense to undervalue long shots that could be profitable and overestimate the likelihood of rare bad outcomes. Making decisions ...
Evolutionary economics provides a self-organizing, stabilizing mechanism without relying on mechanic equilibria. However, there are substantial differences between the genetic evolutionary biology and ...
Recently, Assistant Professor Liu Zhengwen and Professor Zhang Bo of the School of Economics, together with Professor Justin Yifu Lin from the Institute of New Structural Economics and National School ...
Human behavior drives the evolution of biological organisms in ways that can profoundly adversely impact human welfare. Understanding people's incentives when they do so is essential to identify ...
It is telling that with the Economics Nobel 2025, the Nobel Committee has chosen to honour a framework whose ideal conditions such as liberal markets and scientific freedom are under strain ...
Log-in to bookmark & organize content - it's free! Southern Illinois University History Professor Robert Paulett discusses how Barbados evolved from a small tobacco farming area into the "heart of an ...
A look at the evolution of the theory of creative destruction, widely regarded by economists as a defining feature of ...
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