For My Friend, @07Pilt

[Ponca Dan]

In a recent thread you brought up the idea of “behavioral economics.” I argued against such a school of thought because I am heavily influenced by the writings of Rizzo and Whitman, two scholars who coined it “Economic Paternalism.” I find their argument/analysis to be spot on. Here’s a review of their book and an overview of what they find to be in error with the concept. I could not agree more with their observations and predictions of where it would lead. I thought you would find it interesting,

Masters of Puppets and Men of System: Review of Mario Rizzo and...

"The men and women of the new paternalist system would do well to step away from the chess-board and to consider that 'in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress...

www.aier.org

 

[07pilt]

In a recent thread you brought up the idea of “behavioral economics.” I argued against such a school of thought because I am heavily influenced by the writings of Rizzo and Whitman, two scholars who coined it “Economic Paternalism.” I find their argument/analysis to be spot on. Here’s a review of their book and an overview of what they find to be in error with the concept. I could not agree more with their observations and predictions of where it would lead. I thought you would find it interesting,

Masters of Puppets and Men of System: Review of Mario Rizzo and...

"The men and women of the new paternalist system would do well to step away from the chess-board and to consider that 'in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress...

www.aier.org

Dan, I think you have a lot of misconceptions about behavioral economics. It is just the study of how human behavior deviates from human behavior as modelled in classical economics. In many cases it empirically human behavior that is rational and the classical model is irrational because it is a model and is definitionally incomplete.

 

[Ponca Dan]

Dan, I think you have a lot of misconceptions about behavioral economics. It is just the study of how human behavior deviates from human behavior as modelled in classical economics. In many cases it empirically human behavior that is rational and the classical model is irrational because it is a model and is definitionally incomplete.

So to put it another way you didn’t read the link.

 

[07pilt]

So to put it another way you didn’t read the link.

I could only make it through 4 (long) paragraphs

 

[Ponca Dan]

I could only make it through 4 (long) paragraphs

Short attention span, huh?

 

[07pilt]

Short attention span, huh?

It wasn't very good writing Dan.