Adam Hayes

It was a pleasure editing this ambitious piece by @adam-hayes.bsky.social which fuses sociological and economic Insights. Being into methodology myself I was in particular impressed by the empirical strategy which I guess is best described as a three sub-study sequential mixed experiments design!

Why do some individuals make economic choices aligning with rational choice principles while others regularly deviate from such norms?

NOW ONLINE 👀

Adam S. Hayes: Cultural dispositions and economic choice: How field-specific logics shape ‘rational’ economic behaviour.

Read the article here 👉 doi.org/10.1177/0001...

Are ski jumpers enhancing their penises to fly further? WADA is ready to investigate World sport's anti-doping body has vowed to look into the lurid claims that first surfaced in a German newspaper in January.

This isn't the only Olympics scandal this year...

www.nytimes.com/athletic/702...

Deadline is February 1 - please share 🚨

Deadline is February 1 - please share 🚨

The Zug Institute for Blockchain Research (ZIBR) at the @UniLu is #hiring for Fall '26.
2 professorships (Open Rank, 100%)
Applications due Feb 1.

🔹Political Economy and Blockchain:
lnkd.in/exkAMdK9

🔹Political Science and Blockchain:
lnkd.in/ebVhMz8m

The Zug Institute for Blockchain Research (ZIBR) at the @UniLu is #hiring for Fall '26.
2 professorships (Open Rank, 100%)
Applications due Feb 1.

🔹Political Economy and Blockchain:
lnkd.in/exkAMdK9

🔹Political Science and Blockchain:
lnkd.in/ebVhMz8m

Irrational Together: The Social Forces That Invisibly Shape Our Economic Behavior -- Adam S. Hayes

Very useful antidote against the behavioral craze @adam-hayes.bsky.social @uchicagopress.bsky.social press.uchicago.edu/ucp/books/bo...

Book Review: Irrational Together - CFA Institute Enterprising Investor Explore how culture, ideology, and group norms influence economic behavior in ways that go beyond standard behavioral finance models.

From the CFA Institute blog, a nice Book Review of Irrational Together wp.me/p1SgTN-vVo

The upside of uncertainty: how counterfeit risk in secondary markets influences primary luxury sales The rise of digital resale platforms has reshaped the global luxury goods market, creating opportunities for pre-owned luxury transactions while intro…

New paper out in Journal of Business Research w/ @lenapell.bsky.social .. We show how uncertainty regarding counterfeits in secondhand luxury markets has spillover effects on primary markets - extending Akerlof's lemons 🍋⌚
www.sciencedirect.com/science/arti...

How Social Dynamics Are Quietly Shaping Your Economic Reality Discover how your social background, friend groups, and cultural identity invisibly influence every financial decision you make, from credit cards to investments.

Investopedia wrote a piece highlighting my recent book:

www.investopedia.com/social-dynam...

Irrational Together A must-read that reshapes how we think about the social underpinnings of our financial choices. In Irrational Together, economic sociologist Adam S. Hayes takes readers on a fascinating journey to uncover the often-unseen social forces that shape our financial behavior. Drawing on original research and engaging real-world examples, Hayes challenges not only the notion that economic decisions are purely rational but also the prevailing behavioral economics view that irrational choices stem primarily from individual beliefs. Instead, he argues that our economic choices and actions are deeply embedded in our social and cultural contexts and that understanding these influences is crucial to fully grasp the complexities of financial decision-making. From the impact of social class and cultural capital on risk-taking and the role of social networks and group identities in shaping consumer choices to the gendered dimensions of financial advice and literacy, this book weaves together insights from sociology, behavioral economics, and cultural studies to paint a nuanced picture of how we navigate the economic landscape as inherently social beings. Why, for example, would someone choose to continue paying 20% interest on a large credit card debt rather than taking out a low-interest mortgage on their home to pay off the card? As Hayes makes clear through rigorous analysis, cultural values—like those related to home ownership—hold as much or more sway over us than financial best practices. Bridging the gap between behavioral economics and sociology, this groundbreaking work paves the way for a more holistic understanding of the social and cultural influences on economic behavior. Hayes also looks to the future and argues that to correct major disparities in our social understanding of wealth and money, we need to construct financial systems that consider a diversity of social backgrounds. With its accessible language and thought-provoking insights, Irrational Together is an essential guide for anyone seeking to understand the intersection of money, society, and human behavior.  

Summer reading! Drawing on original research & real-world examples, ASA member Adam Hayes ‪@adam-hayes.bsky.social‬, University of Lucerne, uncovers often-unseen social forces that shape our financial behavior in his new book, Irrational Together. ‪@uchicagopress.bsky.social‬

A nice review of my book in the journal 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘚𝘰𝘤𝘪𝘦𝘵𝘺

www.cambridge.org/core/journal...

How Social Dynamics Are Quietly Shaping Your Economic Reality Discover how your social background, friend groups, and cultural identity invisibly influence every financial decision you make, from credit cards to investments.

Investopedia wrote a piece highlighting my recent book:

www.investopedia.com/social-dynam...

Neither gift nor loan: the strategic use of pseudo-formality at the nexus of intimacy and economy https://academic.oup.com/sf/article/103/4/1213/7899889?rss=1 In this paper, I introduce the concept of pseudo-formality as a novel form of relational work in economic sociology. Pseudo-forma #sociology

Today is the day! 🤓

🫥

🎙️ Conférence du médialab – Jeudi 5 juin

Social Science and Generative AI: Inquiries, Instruments, Consequences

Cette journée étudiera l’IA générative comme dispositif sociotechnique, en interrogeant ses effets sur le travail scientifique ainsi que ses implications épistémologiques et sociales.🌐

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when you think the book is 300 pages long, but Notes start on page 250

Reading hardcovers without the dust jacket... rawr

I thought the NPR host was a one word nickname , "Stevinski"

My son thinks it's a "portal potty".

When asked what that means, he thinks the pee is transported to outer space 🤷🏻‍♂️

Irrational Together: The Social Forces That Invisibly Shape Our Economic Behavior In economic sociologist Adam S. Hayes takes readers on a fascinating journey to uncover the often-unseen social forces that shape our financial behavior. Drawing on original research and engaging r...

📔My book comes out May 29! Based largely on my own research at the intersection of #EconomicSociology and #BehavioralEconomics, it is intended for an educated general audience.

You can pre-order now on Amazon ($24.00):

amazon.com/dp/0226839311

NSF slashes prestigious PhD fellowship awards by half US National Science Foundation announces lowest number of Graduate Research Fellowship Programme recipients in 15 years.

NSF will award ~1,000 instead of their usual ~2,000 Graduate Research Fellowships this year.

NSF slashes prestigious PhD fellowship awards by half www.nature.com/articles/d41...