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Maybe Economics Is A Science, But Many Economists Are Not Scientists

Maybe Economics Is A Science, But Many Economists Are Not Scientists | With My Right Brain | Scoop.it
Testing theory has limited benefits if economists refuse to accept the results. Maybe Economics Is A Science, But Many Economists Are Not Scientists Raj Chetty stands up valiantly for the honor of his and my profession, arguing that economics is too a science in which careful research is used to falsify some hypotheses and lend credibility to others. And in many ways I agree: there is a lot of good research in economics, maybe more than ever as the focus has shifted somewhat from theoretical models loosely inspired by observation — which, as he suggests, was my forte — to nitty-gritty empirical work. But while there are clearly scientific elements in economics, a lot of economists aren’t behaving like scientists. Look at Chetty’s examples of scientific work that informs current policy debates:
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Irrationality is predictable. We need to release "rational man" assumption.
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What's so funny? Deconstructing Humor

What's so funny? Deconstructing Humor | With My Right Brain | Scoop.it
“The laughter spills out of her like a jar of coins enriching the nearby surroundings. How does this burst of vocalized joy, unique in this form only to our species, define our personalities and impact our social relationships? A recent study of humor in children explains where the funny bone is: your brain. ”
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Ecologically Rational Choice and the Struc... [J Exp Psychol Gen. 2014] - PubMed - NCBI

Ecologically Rational Choice and the Struc... [J Exp Psychol Gen. 2014] - PubMed - NCBI | With My Right Brain | Scoop.it
PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
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Your Brain Is On the Brink of Chaos - Issue 15: Turbulence - Nautilus

Your Brain Is On the Brink of Chaos - Issue 15: Turbulence - Nautilus | With My Right Brain | Scoop.it
In one important way, the recipient of a heart transplant ignores its new organ: Its nervous system usually doesn’t rewire to communicate…
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Linking Perception, Cognition, and Action: Psychoph... [PLoS One. 2014] - PubMed - NCBI

Linking Perception, Cognition, and Action: Psychoph... [PLoS One. 2014] - PubMed - NCBI | With My Right Brain | Scoop.it
PubMed comprises more than 23 million citations for biomedical literature from MEDLINE, life science journals, and online books. Citations may include links to full-text content from PubMed Central and publisher web sites.
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"Nudging" Policy: Behavioral Economics in the Public Square | Institute of Politics - YouTube

Richard Thaler and Cass Sunstein, authors of Nudge: Improving Decisions About Health, Wealth, and Happiness joined moderators Nava Ashra, Associate Professor...
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Solving social problems with a nudge

Solving social problems with a nudge | With My Right Brain | Scoop.it
MacArthur winner Sendhil Mullainathan uses the lens of behavioral economics to study a tricky set of social problems -- those we know how to solve, but don't. We know how to reduce child deaths due to diarrhea, how to prevent diabetes-related blindness and how to implement solar-cell technology ... yet somehow, we don't or can't. Why?

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Scientists explain how memories stick together - PsyPost

Scientists explain how memories stick together - PsyPost | With My Right Brain | Scoop.it
Scientists at the Salk Institute have created a new model of memory that explains how neurons retain select memories a few hours after an event. This new framework provides a more complete picture of how memory works, which can inform research into disorders liked Parkinson’s, Alzheimer’s, post-traumatic stress and learning disabilities. “Previous models of memoryRead More

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Study Cracks How the Brain Processes Emotions

Study Cracks How the Brain Processes Emotions | With My Right Brain | Scoop.it
A new study reports on how the brain codes and processes emotions.
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Thinking Slow About Thinking Fast – Part I - Brain Blogger (blog)

Thinking Slow About Thinking Fast – Part I - Brain Blogger (blog) | With My Right Brain | Scoop.it
Thinking Slow About Thinking Fast – Part I Brain Blogger (blog) In recent years, our so-called irrational behavior has become a popular topic, and research from behavioral economics, psychology, and neuroscience has begun to be applied to...
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Behavioral economics: Rich boys more competitive

Behavioral economics: Rich boys more competitive | With My Right Brain | Scoop.it
Why do we make the choices that we do? Are we born this way or have we become this way? Behavioral economists are looking for answers by the use of economics and math exercises in the laboratory.
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Quantum math makes human irrationality more sensible | Science News

Quantum math makes human irrationality more sensible | Science News | With My Right Brain | Scoop.it
Vagaries of human decision making make sense if quantum math describes the way the brain works.
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3 ways the brain creates meaning

3 ways the brain creates meaning | With My Right Brain | Scoop.it
Information designer Tom Wujec talks through three areas of the brain that help us understand words, images, feelings, connections. In this short talk from TEDU, he asks: How can we best engage our brains to help us better understand big ideas?
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The Two Sides of Oxytocin

The Two Sides of Oxytocin | With My Right Brain | Scoop.it
Imagine you’re a kind, submissive sort of mouse. Feel your whiskers sense the temperature and surfaces of your environment. Swish your body-length tail around. Test out the strength of your legs. Now, imagine you’re dropped into a cage with aggressive mice, and despite your amazing ability to ju
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A Theory of Representative Behavior in the Dictator Game

Abstract: In this paper we present a model of representative behavior in the dictator game. Individuals have simultaneous and non-contradictory preferences over monetary payoffs, altruistic actions and equity concerns. We require that these behaviors must be aggregated and founded in principles of representativeness and empathy. The model results match closely the observed mean split and replicate other empirical regularities (for instance, higher stakes reduce the willingness to give). In addition, we connect representative behavior with an allocation rule built on psychological and behavioral arguments. An approach consistently neglected in this literature. Key words: Dictator Game, Behavioral Allocation Rules, Altruism, Equity Concerns, Empathy, Self-interest JEL classification
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Is there (still) a continental-analytic divide in philosophy?

Is there (still) a continental-analytic divide in philosophy? | With My Right Brain | Scoop.it
by Massimo Pigliucci As is well known (to philosophers), perhaps one of the most controversial, often even acrimonious [1], splits in modern philosophy is the one between the so-called “analytic” a...

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Consciousness as a Fundamental Building in the Universe | Science and Nonduality

Consciousness as a Fundamental Building in the Universe | Science and Nonduality | With My Right Brain | Scoop.it
In this wonderful TED talk the philosopher David Chalmers invites for a new paradigm in science in which consciousness is established as a fundamental and
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‘Rational expectations’ — nonsense on stilts

‘Rational expectations’ — nonsense on stilts | With My Right Brain | Scoop.it
from Lars Syll Assumptions in scientific theories/models are often based on (mathematical) tractability (and so necessarily simplifying) and used for more or less self-evidently necessary theoretic...
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How The Brain Processes The Emotions — PsyBlog

How The Brain Processes The Emotions — PsyBlog | With My Right Brain | Scoop.it
Tastes good? Despite how individual our emotions feel to us, the brain processes them in a remarkably similar way.

The brain translates emotions into a standard code that’s similar across people, a new study finds. While happiness and sadness might feel quite different to us, the brain actually represents these emotions in a remarkably similar way (Cornell University neuroscientist Adam Anderson, senior author of the study, explains: “We discovered that fine-grained patterns of neural activity within the orbitofrontal cortex, an area of the brain associated with emotional processing, act as a neural code which captures an individual’s subjective feeling. Population coding of affect across stimuli, modalities and individuals.” This finding contrasts to the established view which is that there are specific, separate regions in the brain for positive and negative emotions.


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Rethinking the Placebo Effect: How Our Minds Actually Affect Our Bodies

Rethinking the Placebo Effect: How Our Minds Actually Affect Our Bodies | With My Right Brain | Scoop.it
The startling physiological effects of loneliness, optimism, and meditation.

In 2013, Neil deGrasse Tyson hosted a mind-bending debate on

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Why Are Babies So Cute? - YouTube

What makes babies so AWW? Video on UGLY animals: http://youtu.be/8nYpVlTdr3I SUBSCRIBE - it's free!: http://bit.ly/10kWnZ7 FOLLOW US! Links below: Instagram ... (Why Are #Babies So Cute?
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Shared decisions benefit next generations

Shared decisions benefit next generations | With My Right Brain | Scoop.it

A controlled voting system can help a community manage resources sustainably so that future generations can still enjoy them, according to a study published today in Nature1 and re-enacted in this Nature Video. Having empirical support for the long-held view that people are mostly cooperative could help to design better public policies aimed at preserving shared resources, such as clean air or fish stocks.

There’s plenty of evidence to suggest that people are not purely self-interested. But although economists have long studied how people cooperate in groups, they have not looked specifically at whether individuals are happy to share resources with future generations, who cannot return the favour


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Joachim Low's leadership dilemma

Joachim Low's leadership dilemma | With My Right Brain | Scoop.it
Michael Ballack points to the back (Lahm playing right back. Löw hasn't read Danny Kahnemann, unlike @honigstein http://t.co/kBOzdVyFIr)
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Tony Coady – Trusting Emotion, Trusting Reason: A False Dichotomy - Practical Ethics (blog)

Tony Coady – Trusting Emotion, Trusting Reason: A False Dichotomy - Practical Ethics (blog) | With My Right Brain | Scoop.it
Tony Coady – Trusting Emotion, Trusting Reason: A False Dichotomy Practical Ethics (blog) Coady attributes this preoccupation with finding 'errors' and 'biases' to the extremely successful work of Kahneman and Tversky, who spent much of their...
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When faith meets evidence, evidence doesn't stand a chance - Irish Times

When faith meets evidence, evidence doesn't stand a chance - Irish Times | With My Right Brain | Scoop.it
When faith meets evidence, evidence doesn't stand a chance
Irish Times
Confronted with a conflict between evidence and what they want to believe for political and/or religious reasons, many people reject the evidence.

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Using Behavioral Economics to Understand Addiction | IRETA Blog

Using Behavioral Economics to Understand Addiction | IRETA Blog | With My Right Brain | Scoop.it
Why might individuals behave in ways that are known to have dire consequences for their long-term health and happiness? Behavioral economics provides a framework to understand when and how people make mistakes.
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