Managing money can be a complex and emotional endeavor when it involves our family funds, but when it comes to those of the businesses we run, it is even more complicated. One wrong move and the ...

Robert Shiller, a professor of economics at Yale University, made a prediction in 2005 that a massive bubble was developing in the housing market, and was proved right just two years later, it seemed ...

Financial markets aren’t filled with perfectly rational actors. Even professional investors, who make their living conducting investment research, see a persistent gap between real and reported ...

In his pathbreaking book, The Structure of Scientific Revolutions, Thomas Kuhn argued that science does not advance by the simple accretion of knowledge through experimentation and observation. There ...

Every decision we make, whether consciously or unconsciously, is informed by our ethical values, including those in business. While ethics has always been emphasized in the finance classes I’ve taken, ...

As Shiller suggests, the financial crisis of 2008–2009 seems to have given a major boost to behavioral finance theory, and its advocates are not shy in declaring victory. “If the argument is that ...