Are Some Scientists Serious About Denying Free Will? Free will is our apparent ability to choose between different courses of action; it is closely linked to responsibility, guilt, and other feelings. Only actions for which we are free to either … Continue reading Taking free will seriously
Can Behavioral Economics Justify the Unbound Regulator? “You must be the best judge of your own happiness.” Jane Austen said that, in Emma, but the statement is also a keystone principle of modern microeconomic theory, and it provides the epistemic … Continue reading The role of consumers’ sovereignty
Why Ethical People Make Unethical Choices Most companies have ethics and compliance policies that get reviewed and signed annually by all employees. “Employees are charged with conducting their business affairs in accordance with the highest ethical standards,” reads one such … Continue reading The importance of examples
What a Bad Decision Looks Like in the Brain Humans often make bad decisions. If you like Snickers more than Milky Way, it seems obvious which candy bar you’d pick, given a choice of the two. Traditional economic models follow … Continue reading Is there a unified choice theory?
Be Bites: How to De-bias Decision Making Behavioural scientists and psychologists such as Nobel prize winner Daniel Kahneman acknowledge that merely knowing that we can make biased, irrational decisions does not necessarily de-bias our thinking and decision-making. It’s more effective … Continue reading Design for biases
The Revolution Will Be Streamed The first episode of Hulu’s new drama The Path follows the template of many contemporary TV dramas. After a barnstorming opening sequence showing the aftermath of a tornado strike on a small town, the series … Continue reading The paradigm shift in television economics
Your Desire to Get Things Done Can Undermine Your Effectiveness I have two kinds of problems: the urgent and the important. The urgent are not important, and the important are never urgent. —Dwight D. Eisenhower President Eisenhower was not alone: … Continue reading The completion bias