Featured Storybehavioral economics isn’t dead yet

BloombergView’s Noah Smith argues that, “the people proclaiming the death of behavioral macroeconomics might have been a bit premature. Even if psychology itself doesn’t answer the big economic questions, we may benefit from new macroeconomic theories that assume people are just a little bit irrational.”
For insights into some of the big questions behavioral scientists could help address, former Chair of the Council of Economic Advisers, Jason Furman, has some suggestions in his new BSP article.

Story 1the data that turned the world upside down

Motherboard Vice on how a big data company behind Trump’s online campaign and UK’s Brexit campaign used psychometrics and behavioral science to help both win.

Story 2the normalization trap

Adam Bear and Joshua Knobe’s research suggests that people tend to “combine their sense of what is typical with their sense of what is ideal” to decide what is normal. This New York Times op-ed explains why this presents cause for concern about “normalization” and what to do about it.

Story 3Why you can’t stop checking your email

Brigid Schulte of the Better Life Lab on unplugging our brains, a new law in France, and an experiment with ideas42 employees in this CNN opinion.

 

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