My thesis discusses topics that range from the behavioral characteristics of dynamic decisionmaking to the efficiency of the collective forces in free markets. The purpose of the thesis is not to provide a universal link of these topics, and the contributions of each chapter focus on issues that are of particular interest on their own, the empirical example of the second chapter demonstrates the importance of combining the economic thinking of the introspective and the detached. I hope that the reader will appreciate both the comprehensive approach of the thesis and the detailed-oriented analysis of the topics of each chapter.