The objective of this paper is to show that the behavioural mission of modelling a human being as an agent driven by economic as well as psychological impulses can be accommodated to a large extent within the neoclassical framework which consists of optimising agents arriving at equilibrium....

The objective of this paper is to explain how ‘nudge theory', as formulated by Thaler and Sunstein, can be successfully applied to alleviate the incidence of terrorism. It briefly explains ‘nudge theory' and associated concepts, provides evidence of its successful application in recent times...