Gigerenzer: “The Bias Bias in Behavioral Economics,” including discussion of political implications — Andrew Gelman

Summary:
Gerd Gigerenzer takes aim at Daniel Kahneman, Richard Thaler and Cass Sunstein for being uncritical and going too far. While not endorsing rational choice theory, he stresses that the truth lies between the extremes of rationality and irrationality and claims behavioral economics tends to over emphasize irrationality consequent on cognitive-effective bias. It's neither reason or all bias, either all or mostly, but a combination of rationality and irrationality.Statistical Modeling, Causal Inference, and Social ScienceGigerenzer: “The Bias Bias in Behavioral Economics,” including discussion of political implications Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia UniversitySee also by Andrew GelmanThe butterfly effect:

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Mike Norman considers the following as important: Behavioral Economics, cognitive-affective bias, daniel kahneman, economics and psychology, Gerd Gigerenzer, nudging, statistics

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