The Behavioral Economics Oscars

The Best Films of 2016 (for Behavioral Economists)

As everyone knows, the most coveted of the year-end movie awards are the Becons — the Behavioral Economics Oscars. It’s no surprise that winning the Becon has catapulted previously unknown talents — including Jessica Chastain, Tom Cruise, Taylor Swift and Daniel Day-Lewis — to sensationally successful careers. Here are this year’s winners. Best Director: Jon Favreau. Behavioral economists emphasize the importance of fairness: People will often sacrifice their material self-interest to be fair to others — and if they witness unfairness, they will sacrifice their own material self-interest in order to punish it. ….[READ]