Neuroscience

This new economic model takes into account the fact you're irrational

Silhouetted workers walk in front of office towers in the Canary Wharf financial district in London February 16, 2011. New Bank of England forecasts opened the door on Wednesday for interest rates to rise slowly in Britain but Governor Mervyn King warned against jumping to conclusions about when the central bank would pull the trigger.   REUTERS/Luke MacGregor  (BRITAIN - Tags: BUSINESS EMPLOYMENT) - RTR2IOGT

A person’s ability to make a decision is bounded by cognitive limits. Image: REUTERS/Luke MacGregor

Nick Bunker
Policy Analyst, Washington Center for Equitable Growth
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