Latest Economic model Stories
A new study highlights how complex games make it harder for players to develop optimal strategies, thus leading to less rational behavior – an observation that has profound implications for how we understand stock markets.
Making assumptions about the similarity of outcomes between laboratory species and humans is often disappointing after much investment of time and cost.
Large-scale microfinance programs are widely used as a tool to fight poverty in developing countries, but a recent study from the Consortium on Financial Systems and Poverty suggests that they can have varying results for participants and may be the most cost-effective use of funds only in limited situations.
Modeling biological systems can provide key insights for scientists and medical researchers, but periodic cycles that repeat themselves – so-called oscillatory systems – pose some key challenges.