Rather than re-establishing the primacy of rational choice theory, List’s experiments show that psychological factors are important – but far more subtle and complex than previous experimenters seem to have appreciated. If he undermines hard-earned reputations elsewhere in the field, tough. Nobody ever said academia was an altruistic profession.--Tim Harford
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Thursday, October 15, 2009
Welcome to the real world, academics!
Labels:
academia,
economists
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