Economics

Evolutionary theory of economic decisions

When survival over generations is the end game, researchers say it makes sense to undervalue long shots that could be profitable and overestimate the likelihood of rare bad outcomes.

A snapshot of a new working-from-home economy

Stanford economist Nicholas Bloom discusses the societal impacts of a new “working-from-home economy” and the challenges posed by the massive transition to widespread remote work.

Accounting for nature in economies

Gross Domestic Product, the standard metric for measuring national economies, doesn’t account for the valuable services provided by nature. A new approach could help fill the gap.