Aaron Pinto, age 11, always loved math. He just wasn't very good at it. He stumbled with multiplication, fractions and decimals, refused to use pencil and paper, and made mistake after mistake as he tried to work things out on his fingers or in his head. Frustrated, at times even depressed, he couldn't seem to find a way forward. But Aaron's problems, if overwhelming, … [Read more...] about Can Games Boost Math Learning For Poor Kids?
Four decades ago, people in Latin America cheered as one after another dictatorship fell and gave way to democratic systems, with free elections, uncensored expression, and increasingly independent institutions. That transition, a part of the third wave of democratization, transformed Latin America and the Caribbean from a place of oppressive military regimes into the most … [Read more...] about What Can Restore Latin Americans’ Faith in Democracy
The 1988 Basel I Accord created a level playing field for international banks in terms of a minimum recommended amount of capital.It was probably the most successful financial standard ever conceived. More than 100 countries claimed to have implemented the agreement, and in many countries it was applied to all banks. Basel II was agreed upon in 2004. Many of its 216 pages … [Read more...] about Basel III and Financial Reforms: What Should Emerging Economies Do?
By Juan Camilo Cárdenas Disappearing forests. Overfishing. Chronic water shortages. These are all major challenges for economists in a 21st century of population pressures and climate change. Thankfully, they also have new tools. Economists used to think of people as overwhelmingly rational and self-interested, driven above all to maximize their short-term material … [Read more...] about What Behavioral Economics Reveals About Sharing and Cooperation
Alexandra De Filippo is a principal advisor at the North American division of The Behavioral Insights Team (BIT), an organization widely known as the "Nudge Unit." Since its inception, BIT has used behavioral science in wide-ranging efforts that include, among many others, increasing tax collection and electoral participation rates, boosting organ donation and reducing medical … [Read more...] about Leveraging Behavioral Science for Savings and Health