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. Making decisions ...

Human behavior drives the evolution of biological organisms in ways that can profoundly adversely impact human welfare. Understanding people's incentives when they do so is essential to identify ...

Evolutionary economics provides a self-organizing, stabilizing mechanism without relying on mechanic equilibria. However, there are substantial differences between the genetic evolutionary biology and ...

A look at the evolution of the theory of creative destruction, widely regarded by economists as a defining feature of ...

Economics, history and the evolution of life are governed by the same underlying principles, implying predictable trends in all three areas, according to a new book by Geerat Vermeij, distinguished ...