Posts Tagged ‘Behavioral economics’

ABSTRACT: This talk will take up the question of what consumers might ideally want from payment arrangements, going beyond the obvious transaction dimensions such as flexibility, convenience, speed, or privacy. Recent findings in behavioral economics and neuroeconomics suggest that payments and consumption are psychologically entangled in the mind of the consumer, and that satisfaction with [...]

One popular view is that the financiers involved in the economic crisis were evil human beings. Not only is this view incorrect; I worry that adapting it will not lead us to actually fixing the real problems in the market. 
Here, it’s helpful to describe a set of experiments we have done with some MIT and [...]