Agent-based modeling is a longstanding but under-used method that allows researchers to simulate artificial worlds for hypothesis testing and theory building. Agent-based models (ABMs) offer unprecedented control and statistical power by allowing researchers to precisely specify the behavior of...

In this article, we address biological models of individual organizational behavior, giving special attention to biological models of leadership. We believe that current approaches to biology in the organizational sciences assume that biological systems are simultaneously causal and essentially...

Financial planners assume that retirees have a strong preference for consistent, predictable spending. Their widely used rule of thumb, the 4% rule, was developed to identify the maximum spending level that could be maintained throughout retirement. In stark contrast, the standard advice from...

Recent research has documented that delaying the commencement of Social Security benefitsincreases the expected present value of retirement income for most people. Despite this research,the vast majority of individuals claim Social Security at or before full retirement age. ClaimingSocial...

Simple presentations of the life cycle model often suggest a constant level of real consumption in retirement. Similarly, financial planners commonly suggest that people save for retirement in such a way as to enable them to maintain a level retirement standard of living equal to their standard...