To begin to understand how deeply the human desire for vengeance runs, I invite you to consider a study conducted by a group of Swiss researchers led by Ernst Fehr, who examined revenge using a version of an experimental game we call the Trust Game. Here are the rules, which...

In light of the financial crisis of 2008 and the subsequent outrage over the continuing bonuses paid to many of those deemed responsible for it, many people wonder how incentives really affect CEOs and Wall Street executives. Corporate boards generally assume that very large performance- based bonuses will motivate CEOs...

If I did not know that the people around me were talking about Obama, I would have guessed that I was among a group of excited fans, infatuated with a rock singer, or a movie star. In fact, when I ask Obama supporters about how they expect him to fair...

Consider this: if I asked you for the last two digits of your social security number (mine are 79), then asked you whether you would pay this number in dollars (for me this would be $79) for a particular bottle of Cotes du Rhone 1998, would the mere suggestion of...