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Cognitive Biases Afflict Government “Nudgers” Too

Cognitive Biases Afflict Government “Nudgers” Too Market-based decisions may not always be entirely rational, but there is almost no incentive for governmental decisions to be rational, either. Economist Richard Thaler recently won the 2017 Nobel Prize in economics for his important work documenting widespread cognitive errors in human decision-making. All too often, people fail to act […]

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The Statist Mindset

The Statist Mindset  The Key Logical Fallacy of Statism I just read an article in Bloomberg View yesterday by Cass Sunstein, who is a law professor at Harvard.  It was a roundup of a number of books published last year on “behavioral economics”.  For those who don’t know it, behavioral economics typically focuses on the biases and systematic errors […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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