Tag Archives: Behavioral Economics

[unable to retrieve full-text content]So Do We Still Have Unions Now or No? Economics Can (Sort of) Answer That!: I guess it’s not teribly often that behavioral economics can be comforting rather than infuriating, so here you go…

[unable to retrieve full-text content]So Do We Still Have Unions Now or No? Economics Can (Sort of) Answer That!: I guess it’s not teribly often that behavioral economics can be comforting rather than infuriating, so here you go…

I think Alexander Beunder attacks the wrong target — rationality. The foundational assumption of homo economics is methodological individualism based on a hidden assumption of ontological individualism, which is characteristic of many forms of liberalism as a philosophical position. The major opposing view is that of Aristotle, that humans are social animals. Thus, the key conceptual distinction is between homo economicus and homo socialis. The basic assumption of homo socialis is that...

Fun.Lars P. Syll's BlogOn Econs and HumansLars P. Syll | Professor, Malmo University

Even Harvard waking up and smelling the coffee?Project SyndicateThe Moral Identity of Homo EconomicusRicardo Hausmann | Director of the Center for International Development at Harvard University and professor of economics at the Harvard Kennedy School, formerly minister of planning of Venezuela and former Chief Economist of the Inter-American Development Bank.

[unable to retrieve full-text content]The Econ Nobel Announcement, AKA I FINALLY CALLED IT FOR ONCE…: It’s the one day where everyone is talking about what I teach- just let me have this, ok? =P

I want to talk about an interesting overconfidence experiment that one of my professors subjected us to back in the day… So the deal is that you are given 10 numbers you are supposed to come up with guesses for, say like the current Wal-Mart stock price (you’re not allowed to check), the number of jelly beans in a jar, whatever. More specifically, you’re asked to come up with a “90% confidence interval” as your guess- in other words, give a range where you think the real number is going to...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. A Red Cross pamphlet from WWI slogan (at the bottom): “Millions for Relief, but Not One Cent for Administration” In a surprise ruling a few hours ago the Kenyan Supreme Court voided the outcome of the recent election, calling for a new one within 60 days. The Nairobi stock market dropped 10 percent right away, triggering a brief halt in trading. Follow Ken Opalo for the latest (and just in general). Here’s one way to cut through...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. A Red Cross pamphlet from WWI slogan (at the bottom): “Millions for Relief, but Not One Cent for Administration” In a surprise ruling a few hours ago the Kenyan Supreme Court voided the outcome of the recent election, calling for a new one within 60 days. The Nairobi stock market dropped 10 percent right away, triggering a brief halt in trading. Follow Ken Opalo for the latest (and just in general). Here’s one way to cut...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. A Red Cross pamphlet from WWI slogan (at the bottom): “Millions for Relief, but Not One Cent for Administration” In a surprise ruling a few hours ago the Kenyan Supreme Court voided the outcome of the recent election, calling for a new one within 60 days. The Nairobi stock market dropped 10 percent right away, triggering a brief halt in trading. Follow Ken Opalo for the latest (and just in general). Here’s one way to cut through...