Reciprocity bias is our tendency to reciprocate the actions of others creating a wave of indebtedness. If somebody does something for us, or gives us something, we are more likely to return the favour ...

People tend to focus on today rather than think about what tomorrow might bring. We discount the future in favour of today. We prefer to enjoy things now rather than wait to enjoy them in the future.

Senior Research Officer at The Melbourne Institute and Fellow of the ARC Life Course Centre of Excellence, The University of Melbourne Behavioural economics is a revolutionary field. Its champions may ...

Editor's Note: This is the first of a two-part post discussing behavioral economics and how it is being used by British policymakers. Part 1 below focuses mostly on the development and general ...

Chris Starmer does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...