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 ...

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions. Learn with practical examples.

Rational Emotive Behavior Therapy (REBT) is an established cognitive-behavioural intervention centred on identifying and challenging irrational beliefs that contribute to emotional disturbances.

Rational emotive behavior therapy (REBT) is a type of cognitive behavioral therapy (CBT) that aims to help a person challenge unhelpful thoughts to avoid negative emotions or behaviors. REBT started ...

Management Science, Vol. 44, No. 12, Part 2 of 2 (Dec., 1998), pp. S145-S160 (16 pages) When a product's price fluctuates at a store, how should rational, cost-minimizing shoppers shop for it?

We don't always behave the way economic models say we will. We don't save enough for retirement. We order dessert when we're supposed to be dieting. We give donations when we could keep our money for ...

Rational Emotive Behavior Therapy is a form of psychotherapy that helps you identify self-defeating thoughts and feelings, challenge the nature of irrational and unproductive feelings, and replace ...