If behavior was really the core concept in science, these assertions would make little sense. And, yet, if you know how to look at the landscape of our scientific knowledge, you will see there is a ...

Recently, I came across a helpful article by William Baum (2018) 1 on the “three laws of behavior.” Baum is a behavior analyst who works in the tradition of B. F. Skinner, and the article focuses on ...

Journal of Post Keynesian Economics, Vol. 32, No. 4 (SUMMER 2010), pp. 567-570 (4 pages) This paper argues that Nassim Taleb's "black swan" argument regarding uncertainty is equivalent to Frank Knight ...

I used to finish every sentence with “you know?” It was a habit that drove my mom nuts. She talked to me about it — a lot. But when she started saying “No, I don’t know,” every time I said it, she ...

Behavioral finance explores how psychology affects investing, notably via irrational decision-making. Common biases like risk aversion and herd behavior can lead to suboptimal investment choices.