So the Edge.org submits an annual question to 151 intellectuals, artists and scientists, among others. This year they ask “What game-changing scientific ideas and developments do you expect to live to see?” Many of the answers are interesting. But I want to focus for a moment on a bias among the respondents. The first thing [...]
Posts Tagged as ‘Edge.org’
November 20, 2008
The Normative Claims of Behavioral Economics
It is often unstated, but nonetheless true, that the fundamental normative claim of behavioral economics is that people should be rational. The guiding aim of every “nudge” is to make neoclassical economics true.The behavioral economic utopia coincides with the neoclassical. Insofar as it seeks to make people better, it makes them better self-interested rational maximizers. What [...]
