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Geek Squad - By Richard Thaler

Geek Squad - By Richard Thaler | Bounded Rationality and Beyond | Scoop.it
How behavioral scientists could make Obama's second term a success.

Conventional wisdom held that in last year's U.S. presidential campaign, a leader saddled with a weak economy running against a smart, accomplished businessman backed by hundreds of millions of dollars did not stand a chance. But data-driven geeks like Silver nailed the election forecast while many old-fashioned pundits flopped.

One reason President Barack Obama won a convincing victory that surprised so many was his campaign's quiet, methodical use of a combination of tools from the world of behavioral science: highly motivated volunteers armed with sophisticated technology and field-tested messages to deliver voters. Call it the rise of evidence-based campaigning.

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James B. Glattfelder: Who controls the world?

James Glattfelder studies complexity: how an interconnected system -- say, a swarm of birds -- is more than the sum of its parts. And complexity theory, it turns out, can reveal a lot about how the economy works.

Via FastTFriend
FastTFriend's curator insight, February 17, 10:33 AM

James B. Glattfelder aims to give us a richer, data-driven understanding of the people and interactions that control our global economy. He does this not to push an ideology -- but with the hopes of making the world a better place.