Posts Tagged decision making
Behavioural economists have been quick on the uptake in using video lectures to convey their message. Here is a short round-up focusing on quality rather than comprehensiveness.
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Review of Peter A. Ubel (2009) Free Market Madness: Why human nature is at odds with economics – and why it matters. Harvard Business Press, ISBN:9781422126097
Despite the title, this book sings the praises of the free market. However, it soundly debunks a libertarian free-market fundamentalism that draws its legitimacy from the rational-choice assumptions of economics.
The author is a medical doctor and decision scientist, not to mention an accessible writer. The book is based on many important scientific studies, including the author’s own research, so there’s a high fact-to-opinion ratio. In his medical work, Ubel sees first-hand the obesity crisis, the stressful conditions in which we make medical decisions and the inefficiency of a market medical system. This in turn shows the danger of believing that people always make decisions in their own best interest. Read the rest of this entry »