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Olduvai III: Catacylsm
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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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Economists vs. Economics

Economists vs. Economics Ever since the late nineteenth century, when economics, increasingly embracing mathematics and statistics, developed scientific pretensions, its practitioners have been accused of a variety of sins. The charges – including hubris, neglect of social goals beyond incomes, excessive attention to formal techniques, and failure to predict major economic developments such as financial […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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