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What is behavioral? A blog of recent updates to behavioral economics

Alessandro Innocenti

Tag: rationality

behavioral economics

Choose wisely

18 January 2019 Alessandro Innocenti

The Art of Decision-Making In July of 1838, Charles Darwin was twenty-nine years old and single. Two years earlier, he had returned from his voyage aboard H.M.S. Beagle with the observations that would eventually form the basis of “On the … Continue reading Choose wisely

behavioral economics

Did you buy presents?

25 December 201823 December 2018 Alessandro Innocenti

An Economist Goes Christmas Shopping “The Deadweight Loss of Christmas” is the sort of academic paper that makes ordinary people think economists are kind of crazy. “I find that holiday gift giving destroys between one-third and one-tenth of the value … Continue reading Did you buy presents?

behavioral economics, neuroeconomics

Anchoring and adjustment

14 December 2018 Alessandro Innocenti

Simple Heuristics That Make Algorithms Smart Gerd Gigerenzer’s debate with Daniel Kahneman, Amos Tversky, and collaborators in the heuristics and biases research program has been one of the more interesting sideshows in psychology. Although the debate often appears to be … Continue reading Anchoring and adjustment

behavioral economics

Are you rationally addicted?

29 October 201828 October 2018 Alessandro Innocenti

The cigarette smoker as two-self economic man In a landmark report released in May 1988, the Surgeon General of the United States concluded that the nicotine in cigarette smoke was an addictive drug. The report described cigarette smoking as a … Continue reading Are you rationally addicted?

behavioral economics, neuroeconomics

Flashes of suspicion

28 July 2018 Alessandro Innocenti

There Is No Such Thing as Unconscious Thought The great French mathematician and physicist Henri Poincaré (1854–1912) took a particular interest in the origins of his own astonishing creativity. His achievements were impressive: His work profoundly reshaped mathematics and physics—including … Continue reading Flashes of suspicion

behavioral economics

Mixed strategies

23 July 2018 Alessandro Innocenti

Why winning in rock-paper-scissors isn’t everything ROCK-PAPER-SCISSORS WORKS GREAT for deciding who has to take out the garbage. But have you ever noticed what happens when, instead of playing best of three, you just let the game continue round after … Continue reading Mixed strategies

behavioral economics

How cognitive biases arise

21 May 2018 Alessandro Innocenti

The Irrational User: 8 cognitive biases to keep in mind when building products The human mind is a wonderfully complex thinking machine. We’ve developed written language, built skyscrapers, and discovered quantum physics through our collective ability to plan and reason. … Continue reading How cognitive biases arise

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What is behavioral? A blog of recent updates to behavioral economics
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