Caught you staring. open.substack.com/pub/matthewg...
These are all towns in Rhode Island, amiright?
Is the suspense killing you? 🥁
It must be time to read the latest edition of Zen and Economics! open.substack.com/pub/matthewg...
“My students are embracing altruism and reciprocity because they’ve never been taught how rent seeking works.”
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...
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...
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
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
Matthew G Nagler
Matthew G Nagler
Matthew G Nagler
Matthew G Nagler
Matthew G Nagler
Matthew G Nagler
Matthew G Nagler
koenfucius
koenfucius
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
koenfucius
What can a game show teach us about human nature, and how to balance individual vs social needs and pressure?
