Tagged: Behavioural economics

How old is behavioural economics? - The Dismal Science

Paul Walker Feb 01, 2017

I came across an interesting paper the other day that suggests behavioural economics is older than most people think. The paper “The Relations of Recent Psychological Developments to Economic Theory” by Z. Clark Dickinson in The Quarterly Journal of Economics, Vol. 33, No. 3: 377-421 dates from May 1919! The summary of the paper reads, The purely objective factors … Read More

Homo economicus: Why do we keep swallowing the Kool Aid? - Guest Work

Guest Work Sep 23, 2016

This is the final post in the three-part guest series from the Morgan Foundation’s Jess Berentson-Shaw and Geoff Simmons exploring the legacy of the myth of the rational human – Homo economicus. In our previous post we looked at how Homo economicus thinking ignores so much of what we know about human behaviour, especially in relation to public … Read More

Homo economicus: Public Health - Guest Work

Guest Work Sep 22, 2016

This guest post from the Morgan Foundation’s Jess Berentson-Shaw and Geoff Simmons is the second in a series of three exploring the legacy of the myth of the rational human – Homo economicus. As outlined in our first post , it’s time to ditch the myth of rational humans – homo economicus. The trouble is that many economists haven’t … Read More

Choice and reversibility - The Dismal Science

James Zuccollo Jul 22, 2015

A fascinating talk by psychologist, Dan Gilbert. Ten years old but worth watching if you haven’t seen it before. The core point is that people get buyer’s remorse when choices are reversible and become increasingly unhappy with their decision. When choices are irreversible, endowment effects kick in and they become happier with their choice over […] … Read More

Food: Getting lost in social constructivism - The Dismal Science

Matt Nolan Sep 14, 2014

After reading both the Stuff article and the initial article on Gareth Morgan’s blog and the follow up, I am convinced both Gareth and Geoff Simmons (GG) have inadvertently become extreme social constructivists – but may not realise it yet. Now I hate it when people just whip out rhetoric like “social constructivist” and don’t explain […] … Read More

The rhetoric of restricting the choice of the poor - The Dismal Science

Matt Nolan Jun 05, 2014

Via Gareth Morgan on twitter I spotted the following post from the University of Otago Public Health blog. The money quote: They found that the biggest impact of a minimum price policy was on “harmful” drinkers in the lowest income quintile (7.6% reduction in alcohol), whereas the impact on harmful drinkers in the highest income quintile […] … Read More

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