I love reading about behavioural economics and how human nature limits our ability to make rational decisions. I love it even more when I find myself behaving irrationally despite being aware of it (this is all very meta). Here are two recent examples: 1) On Sunday I went for a run. In the crazy heat.… Continue reading More Human Than Human
Tag: behavioural economics
Nudging you the Wrong Way
Behavioural Economics is all the rage these days. It recognizes that we are not fully rational and tries to to ‘nudge’ us to make positive changes in their lives (for instance, creating systems where if you get a raise it is automatically saved in a 401(k) unless you opt out). But what if you wanted… Continue reading Nudging you the Wrong Way
The (Behavioural) Economist
I’ve noticed a lot of musings about behavioural economics over the past few months (to the point that Wendy’s currently taking a class on it at Columbia). A lot of it has been related Richard Thaler‘s recent book Nudge, plus the fact that he frequently consults Austin Goolbee, one of Obama’s top economic advisers. One… Continue reading The (Behavioural) Economist