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Tag Archives: decision theory
The seeds of my dissent from economic orthodoxy were pretty much sown for me by my 1st professor on the 1st day of my 1st economics class. This prof had gone to a great personal trouble to begin our exposure to … Continue reading
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Tagged assumptions, behaviour, belief, choice, choices, Coase, Coasean, decision theory, economics, efficiency, efficient frontier, efficient markets hypothesis, EMH, free will, gains from trade, inequality, knowledge, libertarians, mathematical modelling, mutually beneficial, Pareto optimality, production possibility frontier, psychology, Robinson Crusoe economy, science, symbiosis, theory, trade, welfare theorem, zero transactions costs
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lembarrasduchoix asked: thank you for the introduction to Newcomb’s paradox! Could you do a post on your favorite paradoxes? The decision theory paradoxes I’m familiar with are: Ellsberg Paradox— Theorists encode both situations with unknown probabilities, such as the chance … Continue reading
I Nudge Myself
Many years ago, I was being driven to the airport and observed something stupid about myself. Then I used science (kind of). I remember this so clearly because it has symbolised other challenges since then. I had a bag of … Continue reading
Posted in Uncategorized
Tagged appreciation, Cass Sunstein, choice theory, decision theory, diet, dig, digging, efficiency, experiment, experimentation, experimenting on yourself, food, governance, heroes, hunger, impulse, impulsiveness, irrationality, libertarian paternalism, life, life hacker, mind hacks, motivation, nudge, productivity, psychology, rationality, Richard Thaler, satiation, satiety
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Irrationality in Economics, and “Subjective Probability”
I gave this talk several years ago, but you know what? It’s still pretty decent. Irrationality in Economics The title is misleading. Like many of my titles, it’s meant to grab attention rather than be exactly correct. I was trying, … Continue reading
Posted in Uncategorized
Tagged Alfred Charles Kinsey, Bayesian, Bayesian reasoning, Bayesian statistics, Bayesians, beta distribution, choice, decision theory, economic irrationality, economics, ecoonmic irrationality, Eliezer Yudkowsky, irrationality, Leonard Savage, mathematical psychology, microeconomics, poisson distribution, probability distributions, psychology, rationality, Robert Aumann, Robin Hanson, subjective probability, utility theory
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Human Mathematics 