Behavioral economics uses evidence from psychology and other disciplines to create models of limits on rationality, willpower and self-interest, and explore their implications in economic aggregates. This paper reviews the basic themes of behavioral economics: Sensitivity of revealed preferences to descriptions of goods and procedures; generalizations of models of choice over risk, ambiguity, and time; … Continue reading What is Behavioral Economics?
While nearly everyone agrees that prohibiting discrimination and promoting equal opportunity are worthy goals, there is substantial disagreement about how to best achieve such aspirations. Indeed, even seasoned judges do not agree about how to lawfully achieve these goals consistent with the anti-discrimination prohibitions under Title VII and similar laws.
The aim of the present paper is to show that anti-realism in science, which has arguably become more fashionable in recent years, contrary to what its proponents assert, cannot make use of quantum mechanics and its impressive achievements as a trump card in justifying its claims. I will argue that scientific anti-realism far from providing scientific community with a progressive methodological framework is as restrictive approach which would hamper scientific progress. Focusing on the historical evidence of the ways in which quantum mechanics was developed, I will further argue that the orthodox interpretation of quantum mechanics due to Bohr and Heisenberg, among others, with its in—built anti-realistic elements provides a damning verdict against the claims of anti-realists. Following a critical assessment of a number of alternative interpretations or the calculus of quantum mechanics, I shall present realistic approaches which provide more effective and fruitful conceptual frameworks for the advancement of research in the quantum world.
Naked Executives "The Emperor's New Clothes" is a short tale written by Danish author Hans Christian Andersen, about two weavers who promise an emperor a new suit of clothes that they say is invisible to those who are unfit for their positions, stupid, or incompetent – while in reality, they make no clothes at all, … Continue reading Naked Executives and Truth Tellers
A friend sent me a link to The Voice of Nonprofit Talent: Perceptions of Diversity in the Workplace, a study produced by Commongood Careers and Level Playing Field Institute. I didn’t read it right away because honestly, most reports about diversity in the nonprofit sector pretty much say the same damn thing and are a total … Continue reading Do Nonprofits Really Care About Diversity?
ANSWER: It's great that you have so many qualified candidates for an important job in your company. But you may want to be careful about how you go about comparing the candidates you bring in for interviews. Most of us make a pretty understandable mistake when it comes to hiring people. We write up a … Continue reading QUESTION: At my company, we’re about to hire a key member of our leadership team. We have a number of very qualified candidates that we plan to interview. Can you give us some advice on how we should make our choice?
One of the most important themes cutting across the conference presentations involves the emotional reactions that people have to changes in wages and prices. In the standard economic model, prices and wages affect behavior by altering the feasible choice sets of consumers, workers, and firms. Thus, changes in prices and wages prompt cognitive reactions, as … Continue reading How Consumers and Workers React Emotionally to Changes in Prices and Wages
Steadily rising housing rents in many of the US’s large, productive cities have reignited the discussion whether to expand or enact rent control provisions. Under pressure to fight rising rents, state lawmakers in Illinois, Oregon, and California are considering repealing laws that limit cities’ abilities to pass or expand rent control. While rules and regulations … Continue reading Effect of Rent Control
Standard theorizing about poverty falls into two camps. Social scientists regard the behaviors of the economically disadvantaged either as calculated adaptations to prevailing circumstances or as emanating from a unique “culture of poverty,” rife with deviant values. The first camp presumes that people are highly rational, that they hold coherent and justified beliefs and pursue … Continue reading Poverty from the Behavioral Economics Perspectives