Why Behavioral Economics Is Cool, and I'm Not

This is the best tl;dr I could make, original reduced by 89%. (I'm a bot)


As one Nobel Laureate in economics observes: "When it comes to policy making, applications of social or cognitive psychology are now routinely labeled behavioral economics."

In a study of the physical attractiveness of professors in 36 different fields, psychologists were #10 and economists were #30.Hypothesis 2: behavioral economists do more interesting work than psychologists.

"Psychologists are almost forced to accept the label of behavioral economists, even if they are as innocent of economic knowledge as I am," Kahneman writes, and "Rewarded by greater attention to their ideas, because they benefit from the higher credibility that comes to credentialed economists."


Extended Summary | FAQ | Theory | Feedback | Top five keywords: Behavioral#1 economist#2 psychology#3 economic#4 psychologist#5

Post found in /r/NeoliberalConspiracy, /r/Economics and /r/economy.

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