behavioral economics

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Via Tyler Cohen’s Marginal Revolution comes this amusing anecdote — and, perhaps, helpful example — from the life of Peter Orszag, Obama’s very brainy budget director. To motivate himself to train for a marathon, he somehow set up a penalty if he didn’t hit his training targets: His credit card would make a contribution to…

I’ve had mixed reactions to Gladwell’s writing over the years: I always enjoy reading it, but in Blink, especially, when he was writing about an area I knew more about than in his other books, I was troubled not just by what seemed an avoidance of neuroscientific explanations of attention and decision-making, but by an…