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Know thy (future) self!

20.11.2017
The problem of akrasia, the weakness of the will, is mostly discussed as a problem of control, in many variants. For example, the theory of hyperbolic time preferences suggests that there are preference reversals against we cannot resist, such as preferring a smaller reward that is near to us over a larger reward that is […] READ MORE
Author
Prof. Dr. Carsten Herrmann-Pillath
Categories
Witten | General | 2017

On the Importance of Language

12.11.2017
Science entertains an awkward relationship with language, since it seems to be an imperfect and often even delusory medium of depicting reality. This is also true for behavioural economics and psychology, as I have pointed out in earlier blog posts: Narratives distort memory, linguistic descriptions create frames that distort the perception of probabilities, and so […] READ MORE
Author
Prof. Dr. Carsten Herrmann-Pillath
Categories
Witten | General | 2017

The Scientist: Our Better Self?

29.10.2017
Readers of my blog posts may feel tired about my recurrent blasts against the dual systems approach. But I think that this is a necessary effort, given the strong impact of these models on behavioural economics and, ultimately, on policies based on this. The problem is not just one of methodology and descriptive and explanatory […] READ MORE
Author
Prof. Dr. Carsten Herrmann-Pillath
Categories
Witten | General | 2017
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