We’re All Behavioral Economists Now
In the mid-60s, Chicago economist Milton Friedman coined the phrase “We’re all Keynesians now.” Half a century later, we might say instead: “We’re all behavioral economists now.”
In the mid-60s, Chicago economist Milton Friedman coined the phrase “We’re all Keynesians now.” Half a century later, we might say instead: “We’re all behavioral economists now.”
Richard Thaler, an economist at the University of Chicago’s Booth School of Business, is this year’s recipient of the Nobel Prize in Economics.
Tim Harford, better known to some as the Undercover Economist, brings the dismal science to life through brilliant storytelling and lively prose in his books, articles, and radio shows.
With workplace well-being, we know there is a very meaningful distinction between pleasure and purpose.
When we examine objectives from an evolutionary biology perspective, we see that what appears irrational might simply be a misunderstanding on our part of what someone’s objectives are.
I was much influenced by a brilliant, pathbreaking paper, “Picking and Choosing,” by Edna Ullmann-Margalit and Sidney Morgenbesser.