Financial Constraints & Collegiate Student Learning: A Behavioral Economics Perspective

Perspective Behavioral economics: Reunifying psychology and economics

Because economics is the science of how resources are allocated by individuals and by collective institutions like firms and markets, the psychology of individual behavior should underlie and inform economics, much as physics informs chemistry; archaeology informs anthropology; or neuroscience informs cognitive psychology. However, economists routinely—and proudly—use models that are grossly in...

Mergers and Acquisitions: A Financial Economics Perspective

In this paper, I begin by describing and assessing the different criteria simple criteria used by financial economists to evaluate merger success. I then discuss the empirical evidence on mergers and acquisitions in the corporate finance literature beginning with stock return studies, moving to accounting-based studies, and finishing with some discussion of clinical studies. Next, I discuss wha...

Consumer research: Financial Capability: A Behavioural Economics Perspective

Behavioral Economics and Public Policy: A Pragmatic Perspective

The debate about behavioral economics – the incorporation of insights from psychology into economics – is often framed as a question about the foundational assumptions of economic models. This paper presents a more pragmatic perspective on behavioral economics that focuses on its value for improving empirical predictions and policy decisions. I discuss three ways in which behavioral economics c...

Peer-assisted learning: a medical student perspective

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