The result of the NFL's collective-bargaining agreement will affect the economic strategy of getting value from draft picks, making a more straight forward process and bland equality among teams.

Americans are failing to save for retirement, investing their money foolishly, and choosing health insurance plans that poorly meet their needs. Why do so many of us make bad choices on such important issues? Recent scientific research shows that people are susceptible to cognitive biases. Because we are human, we...

Economics has traditionally ignored psychology, but Richard Thaler and Cass Sunstein take a step toward greater realism about it.

The NFL Draft allows a teamto gain players who perform far better than their salaries would indicate.

“Rational control” is the subjection of society to reason as opposed to superstition, prejudice, or tradition, with the aim of getting us to behave better. Alexis de Tocqueville says this idea or practice began with the French monarchy; a more recent example is Nudge: Improving Decisions about Health, Wealth, and...

It looks like there will be another Super Bowl between the New England Patriots and the New York Giants.

Sportswriters and economists have different opinions when it comes to choosing the winners and losers of this year's NFL draft.

What do economists know that NFL coaches do not about drafts and salary caps?