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...
Read More »Economist Beverages Just Got A Major Upgrade…
[unable to retrieve full-text content]Economist Beverages Just Got A Major Upgrade…: Happy Friday! You will probably not find it surprising that I am into basically anything that combines economics, bad puns, and booze.
Read More »Economist Beverages Just Got A Major Upgrade…
[unable to retrieve full-text content]Economist Beverages Just Got A Major Upgrade…: Happy Friday! You will probably not find it surprising that I am into basically anything that combines economics, bad puns, and booze.
Read More »