Professor of Economics, @cpowellschool, @CityCollegeNY, @GC_CUNY, former White House SBST. Behavioral econ, decision-making. Outside thereâs a boxcar waiting.
Matthew G Nagler
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Fall is here and I am once again teaching micro to grad students
Economic analysis that reflects cognitive dissonance explains better than standard analysis eg why
âąnoninformational advertising works
âąSocial Security/safety legislation is popular
âąflood insurance isnâtâAkerlof&Dickens (1982)
HT @matthewgnagler.bsky.social
buff.ly/Q6aAXQ8
Matthew G Nagler
âMy students are embracing altruism and reciprocity because theyâve never been taught how rent seeking works.â
Is the suspense killing you? đ„
It must be time to read the latest edition of Zen and Economics! open.substack.com/pub/matthewg...
What does it mean to âbe here nowâ? open.substack.com/pub/matthewg...
These are all towns in Rhode Island, amiright?
Caught you staring. open.substack.com/pub/matthewg...
I "continue as a guest" on the Plant Yourself Podcast with Howie Jacobson. In this episode, we range over the landscape of behavioral economics, pausing briefly to talk about my new work on cognitive flexibility.
We also talk about Golden Balls. Wouldnât you? plantyourself.com/golden-balls...
Behavioural economics has deep roots.
This (1982!) paper by Akerlof and Dickens shows how cognitive dissonance can be woven into standard (rational) economic decision making models and more accurately predict actual behaviour:
buff.ly/JhhamLh
HT @matthewgnagler.bsky.social
No need for consumers to be irrational for incentives for deceptive advertising to be effective, argues @matthewgnagler.bsky.social.
Bounded rationalityâand notably cognitive dissonance (eg refusing to admit theyâve been deceived)âis a sufficient condition:
buff.ly/V0Rz0xA
What if we could live entirely in the present moment?
