Today, I continue with my posts on two contributions in the new issue of the Journal of Economic Literature. This is about the contribution by Carlos Alós-Ferrer, who emerged as one of the intellectual leaders in the field of economics, psychology and neuroscience in recent years. He is now professor at one of the central […] READ MORE

One of celebrated results from philosophical thinking about ethics is that we should not succumb to the ‘naturalistic fallacy’, i.e. infer ‘ought’ from ‘is’. Recently, it became fashionable to ground ethics on neurosciences. That is mostly justified by avoiding another fallacy, that one should avoid imposing ‘ought’ on actions which one cannot achieve for binding […] READ MORE

In the new issue of the Journal of Economic Perspectives there is a paper that overviews and evaluates the literature that aims at explaining why so many people seem to leave money on the table. Well, as the famous joke about economists tells us, they might be hyperrational and just think that somebody would have […] READ MORE