beharioval economics

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Neurotypicals are irrational beasts

Arnold Kling highlights this section from a Scientific American article, The Science of Economic Bubbles and Busts: But behavioral economics experiments routinely show that despite similar outcomes, people (and other primates) hate a loss more than they desire a gain, an evolutionary hand-me-down that encourages organisms to preserve food supplies or to weigh a situation…

The bubble in irrationality

Felix Salmon pointed me to The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street today. There really is a boom in these sorts of books recently! Are we overdoing the “irrationality” bit? Probably. Mike offers up some skepticism about the creeping of irrationality as an explanation for everything.

When I found out a while back that Jonah Lehrer‘s next book was titled How We Decide, I knew I was going to check it out. It’s no coincidence that I recently reviewed Predictably Irrational, I blog because I’m interested in reducing the human animal down its basic units of organization. Due to my disciplinary…

In the wake of Predictably Irrational, check out Tyler Cowen’s endorsement of Geoffrey Miller’s new book, Spent: Sex, Evolution, and Consumer Behavior. Miller is a good writer, so I’m assuming it will be a page-turner, but he does tend to be “provocative” in all the best & worst ways when it comes to popular science.…

The episode is titled “your brains & your genes.” There’s more emphasis on economics than you think.