Category Archives: Behavioral Economics

The foibles of traffic regulation

On Jan. 1, 2015, San Antonio will begin enforcing a new cell phone ban for drivers. The ban is, by many accounts, common sense and will catch the city up with progressive California and New York bans. It also happens … Continue reading

Autarchy, Behavioral Economics, Bureaucracy, Capitalism, Consumerism, Ecology, Free Market, Motivation, Political Theory, Psychology, Self-Government, Self-Rule, Simplicity, Sociology, Solutions, Technology, Tyranny | Leave a comment

The return of rational

Introducing the new book by Eric Robert Morse—Psychonomics: How Modern Science Aims to Conquer the Mind and How the Mind Prevails. An excerpt from the book: Franz Gall was no crank. We laugh at him now because his conclusions were … Continue reading

Behavioral Economics, Free Market, Good Reads, Influences, Inspiration, Psychology, Rational Choice Theory, Resources, Sociology, Solutions, Technology | 1 Comment

What if money didn’t matter?

How do you like to spend your life? What do you desire? what if money didn’t matter? What if money was no object? Alan Watts explores the possibilities. Put frankly as it is, it makes no sense that folks should … Continue reading

Behavioral Economics, Bureaucracy, Closed System, Competition, Complexity, Currency, Economic Theory, Free Market, Game Theory, Inspiration, Interdependency, Perpetuity, Psychology, Rational Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Sociology, Solutions, Specialism, Trade, Wealth, Zero-sum | Leave a comment

The rhyme of unreason

From my forthcoming book on Behavioral Economics: You may not realize it, but you are irrational. At least, that is what researchers in a growing new science are saying. That science is Behavioral Economics, and it is changing the way … Continue reading

Behavioral Economics, Economic Theory, Psychology, Rational Choice Theory, Sociology | 11 Comments

The changing middle

(Cafe Hayek) This fascinating collection of charts from the Tax Foundation includes these two charts that show how much demographics have changed and how difficult it is to draw conclusions over time: The median “taxpayer”, the unit that is in the … Continue reading

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Why cavemen don’t live past 30

Touché, Alex Gregory of The New Yorker.

Behavioral Economics, Capitalism, Complexity, Consumerism, Current Events, Ecology, Free Market, Health Care, Inspiration, Notable Quotables, Poverty, Simplicity, Technology, Trade, Wealth | Leave a comment

Brand preference underscores culture divide

(LA Times) Democrats and Republicans can’t even agree on brands, preferring different restaurants, television channels and even gaming systems across the aisle, according to a new report. While Democrats say they most want a Jeep, Republicans would rather drive a BMW, according … Continue reading

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Sociality and coolness in modern times

One of the great motifs of modern times is coolness. In the early part of the 20th century, it began as a term of insouciance or what might be characterized as a social chill. Witness Miles Davis and James Dean … Continue reading

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Consumerism and consolidation

Recently, this image has been presented by a Facebook group called Exposing the Truth with the title “The Illusion of Choice”. The assumption is that these companies have conspired to give consumers an illusion that they have choices in the … Continue reading

Behavioral Economics, Capitalism, Closed System, Competition, Complexity, Consumerism, Division of Labor, Free Market, Interdependency, Motivation, Psychology, Sociology, Specialism, Trade | Leave a comment

The Prisoner’s Dilemma redux

(Freakonomics) Several years ago, Felix Oberholzer-Gee, Joel Waldfogel and Matthew W. White, published a fascinating empirical article about the prisoner’s dilemma game embedded in the short-lived U.S. game show “Friend or Foe.” Their core findings: Using data from two seasons … Continue reading

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Government-first health care a risk to well-being

(Reason) For the past several years, the medical profession has been undergoing a disturbing transformation. The process was begun by the Centers for Medicare and Medicaid Services (CMS) in an effort to control exploding Medicare costs, and was accelerated by … Continue reading

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Can currents in childbearing be healthy for the economy?

(Child Trends) Having children outside of marriage–nonmarital childbearing–is increasingly common in the United States. A new Research Brief, Childbearing Outside of Marriage: Estimates and Trends in the United States, describes how the population of women bearing children outside of marriage has … Continue reading

Behavioral Economics, Complexity, Culture Divide, Current Events, Economic Policy, Economic Theory, Interdependency, Motivation, Poverty, Rational Choice Theory, Wealth, Welfare Statism | Leave a comment

Word frequency of the two parties

University of Chicago economist Matthew Gentzkow recently discussed a study he coauthored with Jesse Shapiro about newspaper bias with Levitt and Dubner of Freakonomics fame. They used a sample of 433 newspapers and sorted the phrases favored by Congressional Democrats and … Continue reading

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14 Ways an Economist Says I Love You

Clever: (Fosslien.com) Give your loved one a nerdy Valentine and they’ll be yours forever! Why? Because if you give them diamonds/cufflinks this year, anything you get them next year will fall short. Give them one of these and anything they receive … Continue reading

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The parasite economy

From a recent Heritage release: This annual study by The Heritage Foundation analyzes federal assistance programs for everything from housing, health care, and food stamps to college tuition and retirement assistance. And there are some alarming numbers indeed. An estimated … Continue reading

Austrian School, Behavioral Economics, Bureaucracy, Closed System, Division of Labor, Economic Policy, Economic Theory, George Mason School, Interdependency, Keynesianism, Marxism, Motivation, Perpetuity, Political Theory, Poverty, Public Choice Theory, Welfare Statism, Zero-sum | Leave a comment

The Weight of the Union

Designed for Anytime Fitness and based on the fitness and nutritional habits of its 1.3 million members, the visual looks at the numbers behind obesity – how expensive it is to be overweight $2.4 billion spent on diet foods, how … Continue reading

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Is the government an agreement between the people, or is it a coercive force that dictates what the people do?

This question is at the heart of the great debate: Is the government an agreement between the people, or is it a coercive force that dictates what the people do? In other words, is government simply common ground that everyone … Continue reading

Austrian School, Autarchy, Behavioral Economics, Closed System, Competition, Complexity, Culture Divide, Current Events, Free Market, Frontier Thesis, Game Theory, Interdependency, Keynesianism, Legal Theory, Motivation, Political Theory, Polycentrism, Public Choice Theory, Self-Government, Self-Reliance, Self-Rule, Self-Sufficiency, Systems Theory, Trade, Welfare Statism | Leave a comment

Good reads–The Righteous Mind by Jonathan Haidt

`The Righteous Mind’ presents an imaginative theory on the origins of human morality and the source of discord in the realm of moral systems such as politics and religion. It is one of the more ambitious endeavors a reader will … Continue reading

Behavioral Economics, Complexity, Culture Divide, Good Reads, Inspiration, Motivation, Political Theory, Psychology, Sociology | Leave a comment

The dangers of storytelling

One interesting thing about cognitive biases – they’re the subject of so many books these days. There’s the Nudge book, the Sway book, the Blink book, like the one-title book, all about the ways in which we screw up. And … Continue reading

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Good reads–Thinking, Fast and Slow by Daniel Kahneman

By many accounts, Daniel Kahneman is the father of his field, Behavioral Economics, which is a mix between behavioral psychology and traditional economics and has provided perhaps the most fascinating material in recent pop science literature. While this book is … Continue reading

Behavioral Economics, Economic Policy, Economic Theory, Good Reads, Influences, Inspiration, Motivation, Political Theory, Psychology, Rational Choice Theory, Sociology | Leave a comment