When the architecture of decision making shifts, the entire economic system shifts with it. Retail’s evolution over the past ...

Neuroeconomic multiple-self models describe individuals' choices as the equilibrium of the interaction amongst neural sites modelled as economic agents. This approach aims at explaining some ...

When we read “The Courtship of Miles Standish” in grade school, I had not yet studied economics, so I didn’t understand the theory underlying John Alden’s quandary or that Priscilla Mullins’ famous ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Economists have an imaginary person they call a “representative agent,” who is about as realistic as the Easter bunny or the Abominable Snowman. The representative agent is supposed to stand in for ...