Richard Thaler on Behavioral Economics: Past, Present, and Future

Richard H. Thaler
The University of Chicago, 2018
Niveau: débutant
Perspective: Économie comportementale
Sujet: Microéconomie & marchés, Réflexion sur l'économie
Format: Lecture / Presentation
Durée: 1:19:47
Lien: https://www.youtube.com/watch?v=A1M9VSgsSW4

Richard Thaler gives a lecture in the 2018 Nora and Edward Ryerson Lecture at the University of Chicago. In the lecture he discusses his Nobel Prize winning research. The lectures covers introductory concepts of behavioral economics, with quotes by Adam Smith, Keynes and others. Although economcs is all about behaviour, behavioural economics challenges and expands the simplicistic assumptions of neoclassical economics by applying concepts of psychology. Further discussion takes place on the possibility of optimization, impulse control, self-restraint. Next, he talks about the assumptions of intelligence and how people make mistakes and that these mistakes are predictable. He goes on to talk about human decisions in real life and in experiments, human cooperation, saving for retirement and mutual funds.

Comment from our editors:

This is a good lecture delivered with a tincture of fun. Engaging and useful for people new to the concept of Behavioral Economics. I would suggest to watch at 1.25x or 1.5x speed on YouTube to save some time.

Go to: Richard Thaler on Behavioral Economics: Past, Present, and Future

Tags: behavior | behavioral economics | richard | Ryerson | socio-economics | Sociology of Science | thaler | University of Chicago
Irene van Staveren, professor of pluralist development economics, presents her pluralist teaching method for the introductory level. Based on her textbook “Economics After the Crisis: An Introduction to Economics from a Pluralist and Global Perspective” she suggests to focus on real-world problems and pari passu apply economic theories such as Social economics, Institutional economics, Post-Keynesian economics as well as Neoclassical economics without wasting time to single out the latter. Besides pointing out advantages of such a pluralist method Irene illustrates her approach based on interesting topics such as growth or feminist economics. 2016 Level: débutant Beyond stimulus versus Austerity: Pluralist capacity building in Macroeconomics Irene van Staveren IMK Esther Duflo discusses the fact that in social policy one cannot check the big questions, i.e. whether development assistance as an aggregate is helpful, because there is no counterfactual. She then suggests to focus on smaller questions such as what prevents or incentiveses people from immunizing their kids or whether mosquito bednets should be distributed for free. These questions can be answered by using randomized control trials as in the medical sciences. Thus, she argues, by bringing the experimental method to social policy analysis better decisions as to where allocate funds can be made. 2010 Level: débutant Social experiments to fight poverty Esther Duflo TED Talks In diesem Interview geht es insbesondere um die Beschäftigung mit der Ungleichheit, der sich Thomas Piketty in seinen Büchern "Das Kapital im 21. Jahrhundert" sowie "Kapital und Ideologie" widmet. 2020 Level: débutant Thomas Piketty im Gespräch über Ungleichheit und Kapitalismus SRF Kultur Sternstunde Philosophie, SRF Kultur In diesem Workshop zeigt Christian Proaño die Kritik an der Neuen Neoklassischen Synthese aus Sicht der Behavioral Macroeconomics. Für Fortgeschrittene gibt er einen Einblick in Behavioral Macroeconomics und zeigt Modelle mit heterogenen Erwartungen (De Grauwe 2012), den Aggregate Sentiments Approach (Franke 2012) sowie den Learning Aproach (nach Evans, Honkapohja 2001). Kritiker könnten der Behavioral Macroeconomics Forschung vorwerfen, dass sie im Grunde Neoklassische Konzepte repariert, das wissenschaftstheoretische Fundament aber nie verlässt und sich damit selbst begrenzt. Die Folien des Vortrags sind hier verfügbar: http://www.boeckler.de/pdf/v_2016_08_12_proano_slides.pdf 2016 Level: avancé Behavioral Macroeconomics Christian Proaño IMK The core of Georgism is a policy known as the Land Value Tax (LVT), a policy which Georgists claim will solve many of society and the economy’s ills. Georgism is an interesting school of thought because it has the twin properties that (1) despite a cult following, few people in either mainstream or (non-Georgist) heterodox economics pay it much heed; (2) despite not paying it much heed, both mainstream and heterodox economists largely tend to agree with Georgists. I will focus on the potential benefits Georgists argue an LVT will bring and see if they are borne out empirically. But I will begin by giving a nod to the compelling theoretical and ethical dimensions of George’s analysis, which are impossible to ignore. 2020 Level: débutant It’s the Land, Stupid! Cahal Moran Rethinking Economics

Nous soutenir

Ce projet est le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester ! 

Donner