Tag: Behavioral economics

Robert Shiller on Behavioral Economics

By Social Science Bites | Published: August 1, 2012

In the past twenty years there has been a revolution in economics with the study not of how people would behave if they were perfectly rational, but of how they actually behave. At the vanguard of this movement is Robert Shiller of Yale University. He sits down with Nigel Warburton in this episode of the Social Science Bites podcast

The truth about bonuses

By ssseditor | Published: February 22, 2011

New research from economists at the University of Nottingham suggests that incentive payments in the form of cash bonuses don’t work. Experts in behavioural economics carried out a series of experiments to examine the effect of bonuses and fines on workers’ performance. The idea was to mirror not just a workplace scenario but other real-life [...]

The Marketplace of Perceptions: Behavioral economics explains why we procrastinate, buy, borrow, and grab chocolate on the spur of the moment

By Harvard Magazine | Published: December 1, 2010

This is an extract from a post originally published in Harvard Magazine. Like all revolutions in thought, this one began with anomalies, strange facts, odd observations that the prevailing wisdom could not explain. Casino gamblers, for instance, are willing to keep betting even while expecting to lose. People say they want to save for retirement, [...]

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Tag: Behavioral economics

The truth about bonuses

The Marketplace of Perceptions: Behavioral economics explains why we procrastinate, buy, borrow, and grab chocolate on the spur of the moment

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