My wife and I have started attending a small church named Grace International Church here in Baltimore. We are pleased with the opportunity to transition from a much larger fellowship to a smaller community of believers with whom we might share more responsibility now that we know we will be in the area a bit…
Category: behavioral economics
#58
Today, I just finished an awesome book, Predictably Irrational, by Dan Ariely. Prof. Ariely, MIT Sloan Professor of Behavioral Economics, describes many ways in which we predictably and systematically violate the usual “rational actor” assumptions of classical economics. He shows examples from his research demonstrating how arousal, desire for uniqueness [or conformity], temptation, social norms,…