At least one of those who predicted the financial meltdown reportedly did so with the help of behavioral economics. David Ignatious of the Washington Post reports that Nouriel Roubini
“. . . decided to discard the assumption of market rationality that underlies most economics and to embrace the psychological insights of what’s known as ‘behavioral economics.’ [...]
Posts under ‘Behavioral Sciences’
Crystal Balls, Becons, & the Future of Economics
Econs, Mecons & Wecons: We’re All In This Together
The field of behavioral economics has been given relatively scant attention in the vast coverage of the global financial crisis. There’s a news item here and there, an occasional informative blog thread on some psychological aspects of financial decision-making, but there hasn’t been much about such things as how technology might help an ordinary person make [...]
Miranda Warning Under Scrutiny
The Miranda warning – popularized over the years on television programs as the “right to remain silent” when arrested – is under scrutiny by lawyers and social scientists. In an article entitled “Miranda Rights . . . and Wrongs: Myths, Methods, and Model Solutions,” Criminal Justice, Vol. 23, Number 2 (ABA: Summer 2008), Richard Rogers, [...]
Law and the Right to be Special
Everyone is the same, yet every one is unique. Everyone enters and leaves this world, yet every one lives a unique life and time, and makes choices concerning family, work, spirituality, property, and many other things.
Maturity presents choices not present in younger days - choices about how and where to live, who will provide basic [...]