In a flourishing economy, what counts as a competitive wage is always increasing
A model in winning the day
Sometimes trying to think through the probabilities is a clarifying exercise, and sometimes it offers nothing more than false reassurance
The giant of modern finance on the wisdom of crowds and locking horns with the investment industry
Apparently meaningful relations between events get us hunting for causation in vain
It’s been a vintage summer for social scientists interested in how individuals and teams can perform
When a system requires perfection from operators, the consequences can be troubling
Economists are turning to new ways of finding out
From the algorithm that raises your insurance premium to institutional denials over state scandals, it’s a problem with deep roots
The Bard was understandably loose with his numbers. We must do better
The Victorian economist’s analysis of energy use is useful but not inescapable
If only we’d followed Wright’s Law, solar tech could have been cheaper much sooner
The endurance athlete has completed a feat that defies belief — but her motivations are familiar
Market failures occur because consumers are not the all-knowing rational agents that appear in economic models
An accidental invader of economics, his insights changed the discipline forever
Renowned collaborative researcher debunked notion that people tend to make rational economic decisions
At the right price, supply and demand match perfectly, the challenge is merely to find it
In the US, fewer people died during the great recession. Why?
My son’s headmaster joked about his favourite team’s success but publication bias can have more serious consequences
I watched it so you don’t have to — and I spotted three broader parallels with the real world
The board game sums up wider misunderstandings about the role of economics
Eugene Fama protégé warns a mass of superfluous data is confusing many investors
Desynchronised working makes sense, as long as you don’t think too hard about real people
Are you reflective, careless or hopeless? The answer might affect your ability to spot fake news
Businesses have cashed in on our carelessness
