Behavioural economics has deep roots.
This (1982!) paper by Akerlof and Dickens shows how cognitive dissonance can be woven into standard (rational) economic decision making models and more accurately predict actual behaviour:
buff.ly/JhhamLh
HT @matthewgnagler.bsky.social
I "continue as a guest" on the Plant Yourself Podcast with Howie Jacobson. In this episode, we range over the landscape of behavioral economics, pausing briefly to talk about my new work on cognitive flexibility.
We also talk about Golden Balls. Wouldn’t you? plantyourself.com/golden-balls...
Fall is here and I am once again teaching micro to grad students
Drum Roll, Please…
Is the suspense killing you? 🥁
It must be time to read the latest edition of Zen and Economics! open.substack.com/pub/matthewg...
In the US we celebrate tech moguls who “move fast & break things,” yet we struggle with whether someone should have the right to declare their own gender identity
My most recent Substack gets to the bottom of our conflicted ideas on cognitive flexibility: matthewgnagler.substack.com/p/dont-be-a-...
Not making light of this, but it does sound like what happened to Chief White Halfoat in Catch 22.
Katie Orenstein of the Op Ed Project
The idea that journalism can be transformative is grounded in a sort of behavioral economics.
The narratives we employ influence our thoughts and so inevitably our choices (by way of our preferences).
Here’s what I wrote on the broader economics of this: link.springer.com/article/10.1...
At the library in Telluride, Colorado
Going to miss Boulder
Greetings from Wyoming
Seen in Denver #streetcommentary
I’ll bet you DOGE has some problems with base rate neglect too
Cautionary tale of what happens when you place a department in receivership for not toeing the line
MSU Econ making a rather low-tech use of the word influencer here… as a synonym essentially for, well, teacher and researcher?
Sending an appreciation card to a friend who’s working in the Federal Government.
Our personal expressions of moral support matter right now. Let’s get them through this.
Not sure I want my coffee “brazen”
A good morning from Crested Butte
Back to Crested Butte. Winter not over yet! ❄️
There was an executive order against wearing socks with sandles.
Economic efficiency ftw
Damn, I did have a really upscale poutine in Toronto in the vicinity of Kensington Market, but it was 2010 and I can’t remember the name of the place.
You need to get it somewhere good. (Not just, say, Tim Horton’s.) May I suggest the cheesesteak poutine at the Elgin Street Diner in Ottawa? Top it with a few shakes of chipotle Tabasco. 👌🏼
I liked Sam Altman for about 5 minutes
Back at the Coffee Stand today
Whoa! Felicidades!
Greenland had a message for Trump at the polls this week re his desire to control the island: thanks, but no thanks.
Sticking up for the territories
Calling these guys “misers” was a misnomer. Does anyone have better names for them?
well-observed
