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Sort by techno.blog("Dion") (Free subscription) - 07/10/2008
I have seen a few people a little saddened by some of Obama’s recent moves, especially geeks on the FISA vote, which upset me too. It is wrong. We need new privacy policy. As I thought about this, I started to think about expectations. By taking the higher ground, and telling us that he will do [...]
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Sort by Crime & Federalism (Free subscription) - 07/24/2008
The author of Predictably Irrational recently gave a fantastic talk at Google. His optical illusion metaphor is brilliant. It's amazing that we are willing to recognize that we "fall" for optical illusions (actually, it's impossible to not "fall" for them), but we assume that our brains are infallible. Yet our brains are what control our visual perception! Towards the end...
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Sort by Tiago Silveira and the world (Free subscription) - 09/04/2008
Let's take information asymmetry: I have a brand new bicycle that I bought yesterday and never used it. I paid 100 bucks for it. Then you come and say "cool bike!" Then I say "it's yours for 200 bucks." If you find out I bought my bicycle for 100 bucks, you'll feel ripped off if I charge you 200 for it. So I never tell you that . There's also that rule mama always tells you: "after you buy something,...
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Sort by Financial Rounds (Free subscription) - 07/26/2008
Here's a video of Dan Ariely (author of " Predictably Irrational ") in his recent talk for the Google Authors program. Ariely has written a fascinating book about some of the cognitive and behavioral biases that most of us exhibit. If you listen carefully, you'll find that he even gives a hint about how to increase your student evaluations.
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Sort by Endogenous preferences (Free subscription) - 07/19/2008
Here is a list of lectures and interviews on behavioral economics, which can be used as additional materials for teaching. Nobel Memorial Prize Lecture by George Akerlof on Behavioral Macroeconomics and Macroeconomic Behavior Nobel Memorial Prize Lecture by Daniel Kahneman on Maps of Bounded Rationality Interview with Daniel Kahneman on YouTube (Conversation with History) Richard Thaler on Libertarian...