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The daily blog of behavioral and cognitive economics

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Behavioral Finance: The Psychology That Influences Financial Outcomes

Behavioral finance explains why smart, successful people still make emotional money decisions...


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Why the search for proof can’t be separated from faith

In an uncertain world, the search for truth can pull us in two very different directions. One is a path of...


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Less Experience Leads to Faster Neural Adaptation

For over a century, the cornerstone of psychology has been the Pavlovian idea that we learn through repetition—the m...


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Why Rational Choice Theory Should Not Be the Standard for Good Decisions

In part 1 of my discussion of Choose Wisely, I detailed a ty...


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