Human Behavior
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Epidemic of Despair Could Haunt America Long After COVID
Feb 3, 2021
Researchers worry the pandemic may have severe after-effects, with deaths of despair impacting more distressed and newly-vulnerable populations
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Working paper
Rethinking the Role of the Representativeness Heuristic in Macroeconomics and Finance Theory
Dec 2020
Even if psychological factors influence participants’ decision-making, as behavioral economists compellingly argue, incorporating such factors into economic theory would seem to require that market participants adhere to elementary logical rules.
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Why We Need Solidarity Economics
Apr 22, 2020
Economists have gone to great lengths to write humans out of economics, pushing self-interest and generally providing two choices—faith in markets or the state.
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Psychologist Explains Why Economists—and Liberals—Get Human Nature Wrong
Feb 11, 2020
Jonathan Haidt deploys insights from moral psychology to help us see ourselves and each other more clearly
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Why Did Isaac Newton Lose His Shirt in Financial Speculation? Author Alex Pollock Explains.
Nov 4, 2019
Trying to predict the financial future is a fool’s errand, even for a genius
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This Take on Humanity’s Future Might Blow Your Mindset
Oct 17, 2019
Author Jeremy Lent argues that western conceptual frameworks with roots in the Stone Age push us towards disaster. Time to let them go?
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The Sacrificial Rites of Capitalism We Don’t Talk About
Aug 26, 2019
Author Supritha Rajan argues that self-interested competition may be the official line, but it’s far from the whole story
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Why the Dismal Science Cares About Happiness
Jul 31, 2019
Economics is often thought of as emotion-less, but Daniel Benjamin argues for happiness as a vital indicator
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Behavioral Economics: The Next Generation
Feb 27, 2019
To understand behavior and choice, we need to borrow from not just cognitive science but also sociology.
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How Imperfect Knowledge Shapes Financial Markets
Feb 15, 2019
Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.
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Working Paper Series
New Evidence on the Portfolio Balance Approach to Currency Returns
Feb 2019
Asset markets are indispensable in harnessing society’s diverse views and insights about future business performance. But those views are shaped as much by emotion and crowd mentality as by rational expectations.
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World Economic Roundtable
DiscussionExplaining a Decade of Stagnation: Where Do We Go From Here?
Dec 14, 2017
The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.
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Is Poverty More Worrying than Inequality?
Sep 6, 2017
Xavier Gabaix argues that public policies should prioritize alleviating deprivation at the bottom over narrowing the rich-poor gap
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The Four Horsemen of the Econopocalypse
Jul 26, 2017
If standard economic theory can’t explain a traffic jam, how can it cope with crises?