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I was also hoping for more talk about why the author thought behavioral economics was fundamentally flawed as a concept, rather than just having flaws in some o
by milesvp 5y ago
I was also hoping for more talk about why the author thought behavioral economics was fundamentally flawed as a concept, rather than just having flaws in some of it’s methodologies. I can only barely remember a time before economists actually believed that people were anything but ‘spherical cows’. When I was getting an undergrad degree in econ, the behavioral stuff felt like an enormous breath of fresh air, like ‘what if not everyone behaves rationally all the time? what does that do to this prevailing theory?’ I still think it’s an incredibly important field to study, especially if some of the core behaviors are being questioned. Knowing how humans behave to various incentives is incredibly useful, especially with all of the many collective action problems we face.