This collection of essays, written primarily by scholars, discusses how nonprofit organizations can apply common concepts from the for-profit world, including cost-benefit analysis and risk assessment ...

Opportunity cost refers to the potential profit provided by a missed opportunity—the result of choosing one alternative for ...

TROY, N.Y. — A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in ...

A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in general, make ...

Behavioral Economics—an eight-week virtual program that blends self-paced online modules with live-online sessions led by Chicago Booth faculty—helps executives make more effective decisions. Discover ...

Slow decisions cost executives real revenue. Executives estimate a 1-5% revenue gain from faster choices. Steps to map, ...

Self-interest describes actions that are intended to result in personal gain. It comes with both pros and cons.

At the start of 2025, the global economy is on the brink of massive change. By some estimates, there is an $80 trillion demand for long-term capital to fund a transformation on par with the Industrial ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...