Caught you staring. open.substack.com/pub/matthewg...
Economic analysis that reflects cognitive dissonance explains better than standard analysis eg why
•noninformational advertising works
•Social Security/safety legislation is popular
•flood insurance isn’t—Akerlof&Dickens (1982)
HT @matthewgnagler.bsky.social
buff.ly/Q6aAXQ8
Fall is here and I am once again teaching micro to grad students
What does it mean to “be here now”? open.substack.com/pub/matthewg...
“My students are embracing altruism and reciprocity because they’ve never been taught how rent seeking works.”
These are all towns in Rhode Island, amiright?
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. Wouldn’t you? plantyourself.com/golden-balls...
No need for consumers to be irrational for incentives for deceptive advertising to be effective, argues @matthewgnagler.bsky.social.
Bounded rationality—and notably cognitive dissonance (eg refusing to admit they’ve been deceived)—is a sufficient condition:
buff.ly/V0Rz0xA
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
Matthew G Nagler
koenfucius
Matthew G Nagler
What if we could live entirely in the present moment?
