Americans are losing their homes to foreclosure in record numbers. There is no agreement as to whether an end is in sight. Federal and State legislators, executives, and judges address the foreclosure crisis daily, with new legislation, policies, directives, and in individual and class litigation, as they attempt to balance the multiple interests at stake, apply rules of law [...]
Posts under ‘Behavioral Economics’
Crystal Balls, Becons, & the Future of Economics
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.’ [...]
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 [...]