Discover how bioeconomics integrates economics and biology to explain resource management and economic events. Learn about modeling and practical examples.
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AI overestimates how smart people are, according to HSE economists
Scientists at HSE University have found that current AI models, including ChatGPT and Claude, tend to overestimate the rationality of their human opponents—whether first-year undergraduate students or ...
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
Regret theory postulates that decision‐makers do not solely evaluate outcomes based on traditional expected utility; they also incorporate the anticipated emotional response resulting from realising ...
When you try to understand people and explain why they do what they do, what frame do you use? The most common, intuitive (and highly useful) approach is the “belief-desire” frame. That is, people in ...
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