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Stories by Kaushik Basu

The Traveler's Dilemma

When playing this simple game, people consistently reject the rational choice. In fact, by acting illogically, they end up reaping a larger reward--an outcome that demands a new kind of formal reasoning

May 20, 2007 — Kaushik Basu

The Economics of Child Labor

Campaigns against child labor are most likely to succeed when they combine the long arm of the law with the invisible hand of the marketplace

September 16, 2003 — Kaushik Basu