Economics used to be a social science, but this is no longer so. markwainwright/ Flickr Today, the field has largely become a study of individual agents acting outside of society, as if societal ...

Utility measurement has emerged as a cornerstone in assessing health outcomes, providing a quantitative basis for comparing diverse health states through standardised metrics such as quality‐adjusted ...

Economist Michael Chwe has written a book called “Jane Austen: Game Theorist.” Do you need more of a reason to read this post? Video from Michael Chwe’s YouTube channel. I’m a specialist in game ...

A new functional form of the response probability for a qualitative response model is proposed. The new model is flexible enough to avoid the constraint of independence from irrelevant alternatives, ...