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Notes on behavioural economics

Welcome to these notes on behavioural economics. These are the notes for the UTS undergraduate subject 23005 Behavioural Economics. I take a traditional approach. I start with the basic economic and game theory foundations. I then examine what...


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The Autopilot Spender

In 2011, Daniel Kahneman published a synthesis of decades of cognitive research that fundamentally reframed how psychologists and economists think about human decision-making. His central insight was not that people are irrati...


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The roots of goodness

Many of us want to make the world a better place. It would be hard to find someone more invested in how to go about it than the Hungarian American psychologist Ervin Staub. He has spe...


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How to know what you really want

Claire, a smart, ambitious student at Tulane University in Louisiana, was on track to have her pick of law schools, but she decided she’d like to get some real-world expe...


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What Could Replace the GDP?

Trying to stay well, we let physicians decide what to monitor. As a result, we might have an EKG, a cholesterol test, the new colon cancer blood test. Some feel though that different criteria would be more appropriate. Simil...


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