Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.

The Cannon-Bard theory of emotion states that stimulating events trigger feelings and physical reactions that occur at the same time. For example, seeing a snake might prompt both the feeling of fear ...

After a delay of nearly a week, the Florida Department of Education has released examples that it says backs up its rejection of dozens of math textbooks because they contained questions and exercises ...

There are many theories on the buying behavior of individuals, and businesses are constantly analyzing them to figure out how to persuade consumers to buy their products and services. Often a customer ...

Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

Systems theory was not originally a business theory. Indeed, systems theory was proposed in the 1940s by biologist Ludwig von Bertalanffy, say Francis Heylighen and Cliff Joslyn in their article, ...

When asked the question, "What is a theory?" most of my students (regardless of age or educational level) respond with an explanation that is akin to "a reasonable, educated/informed guess." Indeed, ...

Most people think about pain as a simple cause-and-effect process. For example, if you touch a hot stove, you probably assume that the nerves in the skin feel how hot the stove is and signals are sent ...