Showing category "Behavioral Economics" (Show all posts)

Economists and the New York Times Behaving Badly

Posted by Jenny Stefanotti on Saturday, July 24, 2010, In : Behavioral Economics 
 
There was a New York Times op-ed last week entitled Economics Behaving Badly which argues that politicians are becoming over-reliant on behavioral economics to solve problems it was never meant to solve.

While I agree with the broader points of the article, I'm amazed to see the two professors (one of economics and psychology) write -- and the New York times publish -- a piece with blatant inaccuracies.

  
From the article:

As policymakers use it to devise programs, it’s becoming clear that be...

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Social Preferences and Corruption

Posted by Jenny Stefanotti on Thursday, April 8, 2010, In : Behavioral Economics 
 
I recently read Sendhil Mullainathan's paper, "Psychology and Development Economics," for a class I'm taking with him. It's a fantastic read and very accessible -- I highly recommend it.  One section, however, is so thought provoking that I felt it worth replicating in full on my blog.  It's about the psychology of fairness and its role in corrupt behavior.  I have become extremely interested fairness in human behavior, and its evolutionary roots.  I think it has a lot to teach us about deve...

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Technology, Development, and Psychology

Posted by Jenny Stefanotti on Tuesday, February 2, 2010, In : Behavioral Economics 
 
Generally, I argue that access to more information via technology is good for development. Access to information (e.g. prices) improves market efficiency.  Communication flows fostered by the Internet strengthen democracy.  With this information, people are empowered to debate the direction they want their societies to move in.  I've read my Amartya Sen, after all.

But could too much information actually be counterproductive?  Apparently, yes.  As I sat in David King's first lecture in my Cul...

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