Behavioral Economics : Economics :: Psychology : Philosophy
by tdaxp ~ May 20th, 2009
Interesting to see that economics is now becoming a science in the same way that psychology became a science a century ago.
Perhaps Dan Ariely will be the John Watson of Economics. Certainly he is media-savy enough.
More at Predictably Irrational.
The New York Times uses top 1% of income, not wealth. From the legend:...
May 21st, 2009 at 12:46 pm
I would argue, as would Charlie Munger, that Ariely walks in the footsteps of the great Robert Cialdini. More on Munger and Cialdini
May 26th, 2009 at 7:03 am
Mike,
The points of Charlie Munger’s talk are informative.
I agree with them.
Physics envy is especailly dangerous for economists. They improperly model thier study of the social world on the scientific study of the natural world. This is too bad, as it makes them avoid the social science research methods & practices which might help make them create better models grounded on reasonable theory.