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  2. Linear programming - Wikipedia

    en.wikipedia.org/wiki/Linear_programming

    It is widely used in mathematics and, to a lesser extent, in business, economics, and some engineering problems. There is a close connection between linear programs, eigenequations, John von Neumann's general equilibrium model, and structural equilibrium models (see dual linear program for details).

  3. Kinked demand - Wikipedia

    en.wikipedia.org/wiki/Kinked_demand

    Stigler first argues that the kinked demand models are not useful, as Hall and Hitch’s model only explains observed phenomenon and is not predictive. He further explains that the kinked demand analysis only suggests why prices remain sticky and does not describe the mechanism that establishes the kink and how the kink can reform once prices ...

  4. Neuroeconomics - Wikipedia

    en.wikipedia.org/wiki/Neuroeconomics

    It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can guide models of economics. [ 1 ] It combines research from neuroscience , experimental and behavioral economics , and cognitive and social psychology.

  5. Behavioral economics - Wikipedia

    en.wikipedia.org/wiki/Behavioral_economics

    Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. [1] [2] Behavioral economics is primarily concerned with the bounds of rationality of economic ...

  6. Hyperbolic discounting - Wikipedia

    en.wikipedia.org/wiki/Hyperbolic_discounting

    For the hyperbolic model using g(D), the discount for a week from now is () =, which is the same as for f in the exponential model, while the incremental discount for an additional week after a delay of D weeks is not the same: (+) = + From this one can see that the two models of discounting are the same "now"; this is the reason for the choice ...

  7. US homebuilder confidence at 7-month high in November, survey ...

    www.aol.com/news/us-homebuilder-confidence-7...

    (Reuters) - U.S. homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged to the highest in about two-and-a-half years after a ...

  8. Economic model - Wikipedia

    en.wikipedia.org/wiki/Economic_model

    An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical , framework designed to illustrate complex processes.

  9. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    In 2023, Moody's Analytics estimated that a protracted breach of the debt ceiling would cause comparable effects to the 2008 economic crisis. It said it could cost the economy more than 7 million ...