Warning drinkers of cancer risk could reduce consumption, survey finds Labels warning drinkers that they risk seven different forms of cancer could make some people re-think their alcohol consumption, according to a survey. But most people will ignore other warnings … Continue reading Do labels matter?
Learning to love your future self It’s February, deep in the blahs of winter, and clients are behaving oddly: they’re less willing to buy risky equities and more inclined to sell higher-risk holdings. That’s because large segments of the population … Continue reading Connecting with future you
Gambling is a feature of capitalism—not a bug In a modern capitalist economy, almost everything is for sale, including risks. Markets can transfer known risks to people or institutions who can handle the risk more effectively. The cost of rebuilding … Continue reading Why people trade risk
Don’t Tell Your Friends They’re Lucky Cornell professor of economics Robert Frank says he’s alive today because of “pure dumb luck.” In 2007, he collapsed on a tennis court, struck down by what was later diagnosed as a case of … Continue reading Are you lucky?
Inside Psychology’s ‘Methodological Terrorism’ Debate It isn’t every day that an academic researcher publicly compares some of her colleagues to terrorists, so it’s probably no surprise that what happened last month sparked a heated debate. That’s when a draft version … Continue reading Is methodological terrorism out there?
What Happens When There Are Limits on Bankers’ Bonuses? Do bankers make too much? That question has been widely discussed ever since the 2008 financial crash, which many experts blamed (in part) on a system of compensation that excessively rewarded … Continue reading Do bankers take crazy risks?
Misbehaving: the making of behavioural economics – Richard Thaler LSE Lecture Richard Thaler, described by The Spectator as ‘the godfather of behavioural economics’, will be in conversation with LSE Director Craig Calhoun about his book Misbehaving: the making of behavioural … Continue reading The godfather of behavioural economics