The Federal Reserve is in the news a lot. With inflation running hot, everyone is trying to figure out how high the Fed will raise interest rates. At Hanson + Doremus, we are not trying to guess where rates end up, but we do think it is important to understand the Fed and its thinking […]
Thinking, Fast and Slow…
Founders of behavioral economics, Daniel Kahneman and his long-time collaborator, Amos Tversky, developed a new understanding of how we make decisions. Despite being a psychologist, Kahneman won the Nobel Prize in Economics for the contributions and challenges that his work on “human judgement and decision-making under uncertainty” made to the field. Classical economics considers humans […]
