Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Rationality is what keeps us sane in the messiness of life. Being able to stay rational through a difficult time, or just for as long as a simple argument, is a sort of safety vest we can wear to not ...

People are not irrational-at least not as much as we are led to believe. This is because the brain is economic. That is, brains have a limited amount of energy to achieve necessary goals like survival ...

Are we, the human species, unreasonable? Do rational arguments have any power to sway us, or is it all intuition, hidden motivations, and various other forms of prejudice? The answer isn't simple, but ...

To date we have taken apart the firm and examined where institutions offer no advantage over bargaining by individuals, or relying on the price mechanism. We have seen two early explanations for ...

Steven Pinker’s new bestseller, “Rationality: What It Is, Why It Seems Scarce, Why It Matters,” is filled with riddles and quizzes and problems to ponder. Reading it, I bombed on every single one. The ...