Richard Thaler, a distinguished behavioral economist
at the University of Chicago, has taken the profession to task for ignoring real-world behavior in favor of models that assume people are rational optimizers.
The app was inspired by Edmunds' conversations with Dan Ariely, acclaimed behavioral economist
at Duke University, TED speaker and author of The (Honest) Truth About Dishonesty , Predictably Irrational , The Upside of Irrationality and a Q&A column for the Wall Street Journal.
George Loewenstein, who teaches at Carnegie Mellon University, said people judge things in relative terms.
Dan Ariely, behavioral economist
, has based his career on figuring out the answers to these questions, and in his bestselling book Predictably Irrational (re-released in expanded form in May 2009), he describes many unorthodox and often downright odd experiments used in the quest to answer this question.
I'm not a behavioral economist
, but the value added here seems to fall squarely on Starbucks, which now boast augmented customer service by offering a sample of The New York Times, widely recognized as one of the best newspapers in the world.
Adam Smith, Behavioral Economist
," The Journal of Economic Perspectives.
Had I understood this as emblematic of centric behavior rather than eccentric behavior, I might have become a behavioral economist
Dan Ariely is part behavioral economist
, part psychologist.
Records from the life-or-death situations on board the two ships provide a natural experiment that could never be done in a lab, comments behavioral economist
Colin Camerer of Caltech.
To create successful incentives, a policy needs to specifically target the people whose behaviour it's trying to change, the report quoted Yale behavioral economist
Dean Karlan as saying.
CREATE YOUR OWN ECONOMY: THE PATH TO PROSPERITY IN A DISORDERED WORLD comes from a behavioral economist
and commentator who shows how our networked world is changing--and how to tap into its new structures.
According to Lehrer, in addition to documenting how bidders at auctions operate, Thaler--a behavioral economist
at the University of Chicago--examines other anomalies, such as the stock market's seasonal fluctuations (nearly one-third of annual returns occur in January) and the surprising unselfishness of people playing economic games.