Zero risk bias: The economics of toilet paper hoarding
The new coronavirus is inspiring panic buying of a variety of household products such as toilet paper in cities across the U.S. and world. While it makes sense to me …
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Impoverished economics? Unpacking the economics Nobel Prize
When the world is facing large systemic crises, Ingrid Kvangraven asks why is the economics profession celebrating small technical fixes? This week it was announced that Abhijit Banerjee, Esther Duflo …
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Taking Climate Action Via a Gaming App
UN Climate Change News, 12 June 2019 – W-Foundation, a global relief and conservation organization, is working with the UN’s Climate Neutral Now initiative to promote sustainability and climate action through a …
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Revealing the fudge in ‘Nudge Economics’
Professor Sugden, a renowned and celebrated pioneer of behavioural economics, has written an important book. In it he skewers the “nudge economics” fudge that maintains the illusion of the possibility …
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Challenging “Nudge Economics”: Reframing the market as a community of advantage
‘Nudge economics’ has created a lot of interest and had a lot of influence most recently with a Nobel prize for Richard Thaler. Prof Robert Sugden, an eminent behavioural economist …
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Coastlines, climate change and creativity.
Harnessing human imagination could prove pivotal in convincing the world that climate change is more round-the-corner than on-the-horizon. Prashant Vaze writes. There is a scene in BBC’s Sherlock in which …
Read MoreBehavioural insights in the age of austerity: how research on the psychology of poverty can help us to stay focused on society
Public policy attention toward behavioural insights risks focusing on individual decision- making at the cost of considering the root causes of broader societal problems. But evidence from emerging research that …
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And so… to the cleaners. An invitation to lunch all gets a bit messy.
Last week I had a lunch date. This is not something I get to have much these days. One of my postgraduate students, Crispin McDonal, contacted me through my university. …
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Regulating behaviour: time off for good conduct?
The principles underpinning behavioural economics have been attracting legislators seeking to rein in the excesses of the financial sector. Are theymotivated by saving face, political gain or doing right by …
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