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Got Behavioral Economics?

Anushka Thewarapperuma's picture

Despite economists’ frequent assumption that humans are rational economic agents, let’s admit it, we have limitations; we may be weak, altruistic, easily manipulated or scatter-brained among many other things. Thus, results based on, say field experiments relying on one-off interviews may tend to miss a lot of that important human behavior.


Easterly discovers the power law of international trade

Ryan Hahn's picture

Not too long ago, Bill Easterly and Justin Lin squared off at an event at the World Bank over the wisdom of industrial policy in developing countries. While I am sympathetic to Bill's position, judging by the mood of the crowd in the room, I would have to call the debate a tie.