iEconomics?
Check out this clever takeoff of the Mac/PC ads by my friend Dan Ariely, in which he portrays standard economics as a PC and behavioral economics, my specialty, as an iMac.
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The Only Power Strong Enough to Undermine My Scientific Integrity – Chocolate
ByadminI recently posted several humorous pictures illustrating the risks of assuming that correlation amounts to causation. But now comes along another interesting picture, that practically forces me to abandon scientific rigor and embrace the inevitable conclusion – that chocolate consumption leads to genius: Is everybody on board with my reasoning? (Click here to view comments)
The Power of Comparison
ByadminIn a wonderful article on deep cave exploration, Burkhard Bilger shows how powerful comparison can be in putting an unfamiliar topic into context. He is describing the arduous work involved in deep cave exploration. He is describing the risks of being far, far inside the cave when a heavy rain on the surface begins to…
On the Underutilization of Single Sentence Paragraphs
ByadminI have long been a fan of single sentence paragraphs. I really have. When used properly, an occasional one-off sentence can really stand out, amidst the tumble of longer paragraphs made up of complicated sentences. Here’s a good example from The Power Broker. In this part of the book, Robert Moses has spent an intense…
Al Smith on Democracy
ByadminIn 1925, a handful of extremely wealthy Long Island residents tried to thwart state plans to run highways from New York City through Long Island to beaches that the masses could enjoy. These wealthy people were understandably upset, that part of their property would be taken away to make room for highways and the like….
Why I’m Not Sad That I Can’t Fly
ByadminI remember one time having a conversation with Daniel Kahneman, one of the founders of behavioral economics, about the topic of happiness and emotional adaptation, in the context of chronic disability. We were discussing emotional impact of experiencing a limb amputation. Kahneman pointed out that it is the loss of the limb that is really…
The Smell of a Fiscal Crisis
ByadminIn a wonderful New Yorker article titled “The Hangover,” Nick Paumgarten writes about the strange mix of private and government forces that led to the Spanish fiscal crisis. In a wonderful sentence, he evokes one such force, the almost invisibility of debt: It is often hard to perceive an economic crisis. Debt doesn’t look like…