Category Archives: Behavioral Economics

Letter to a Well-known Economist

As someone who, obviously, is deeply interested in the relationship between human behavior and economics, I bring to your attention a recently published paper by myself and a colleague, Dr. Anthony Putman, which appeared in The Journal of Behavioral Finance, … Continue reading

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What does “95% likely” mean?

The latest IPCC (Intergovernmental Panel on Climate Change) report says that it is “95% likely” that the main cause of global warming in the last 50 years is human activity. That sounds like it’s a probability, just as when you read … Continue reading

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“The Irrationality Illusion” published by Journal of Behavioral Finance!

Joe and I are proud to announce that our paper “The Irrationality Illusion: A New Paradigm for Economics and Behavioral Economics” has (finally!) been published by the Journal Of Behavioral Finance. Here’s a link to the Journal’s online edition (first … Continue reading

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The next in our “new paradigm for economics and behavioral economics” series

Joe Jeffrey and I worked for over a year on a follow-up to our paper “The Irrationality Illusion” (which was published just yesterday in the Journal of Behavioral finance!) The working title was “The Problem With Probabilities”; in a fit … Continue reading

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