×
Behavioral Economics—its name amusingly highlighting what’s been lacking— offers hope. Its discoveries, which you and I experience every day, but which un-behavioral economists typically ignore, include “cognitive biases.” Daniel Kahneman says these “systematic errors” trace to our “machinery of cognition.” This is progress, but it’s a near-reaching revolution, another repair to the old rationalist clunker. We can do better. - blogs.scientificamerican.com