The Synthesis of "bounded rationality"
Insights on "bounded rationality"
Insights on "bounded rationality"
Explore Bounded Rationality, the concept that our decision-making is limited by information, time, and our own mental capacity.
Discover Rational Choice Theory, the principle that assumes individuals make logical decisions to maximize their self-interest and utility.
Discover how psychology influences financial decisions. Behavioral economics explains why people make seemingly irrational economic choices.
Discover Neoclassical Economics, the theory viewing the economy through rational actors, supply and demand, and market efficiency. Learn its core ideas.
Discover Game Theory, the science of strategic decision-making, and its growing impact on finance, investing, and business strategy.
Discover the Sunk Cost Fallacy, a bias that makes you stick with a bad decision because you've already invested time, money, or effort.
Explore Public Choice Theory, the economic study of political decisions. Learn how self-interest drives politicians, bureaucrats, and voters.
Explore cognitive biases, the mental shortcuts that shape our economic judgments, and how they influence financial decisions and consumer behavior.
Discover Nudge Theory, the behavioral economics concept of influencing choices without restricting them. Learn how small prompts shape our decisions.
Explore Behavioral Finance, the study of how psychological biases impact investor decisions and create market anomalies. Understand your financial mind.