The Unz Review: An Alternative Media Selection
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Behavioral Economics

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This clip with Dan Ariely telling off a dentist who tried to sell him on a more expensive item is classic. Would that we all behaved in such a manner, no? The problem when you interact with a particular set of professionals, in particular in healthcare, the information asymmetry is such that it is very... Read More
One of the major parameters which shape individual success, and macroeconomic growth in the aggregate, is time preference. Time preference basically measures an individual's future-time orientation. Would you for example take $1,000 in the present, or wait 30 days and accept $1,500 dollars? It doesn't need to be money, children can exhibit time preference as... Read More
I just got back from a European trip, and I have to say I did not miss tipping. I especially appreciated not having to do the song & dance typical of larger groups in sit-down restaurants in the USA where you figure out how much you're going to tip on a communal basis, when everyone... Read More
Tyler Cowen points me to this article from last spring about the profligacy of professional athletes. Here are numbers which seem constructed for the sake of plausibility more than anything else:It shouldn't be that hard to track down a large number of former players and try and make the sample representative, and assess what their... Read More
Expectations influence sensory experience in a wine tasting:Also, see ScienceDaily for a summary. Felix Salmon has another post, Tasting wine blind.
Gender differences in financial risk aversion and career choices are affected by testosterone:
Robert Frank is promoting his idea that Charles Darwin will become more important than Adam Smith as an intellectual forebear of future economics in The New York Times. That is fine as it goes but I suspect that the bigger issue in the sciences of humanity is that there will be problems with relying on... Read More
The Oxytocin Receptor (OXTR) Contributes to Prosocial Fund Allocations in the Dictator Game and the Social Value Orientations Task:Here's a figure from the paper:And the SNPs from the HGDP (G = C & A = T for the first SNP, or at least the paper and PubMed agree on this):
A Genetically Mediated Bias in Decision Making Driven by Failure of Amygdala Control:Genetic variation at the serotonin transporter-linked polymorphic region (5-HTTLPR) is associated with altered amygdala reactivity and lack of prefrontal regulatory control. Similar regions mediate decision-making biases driven by contextual cues and ambiguity, for example the "framing effect." We hypothesized that individuals hemozygous for... Read More
Cognitive skills affect economic preferences, strategic behavior, and job attachment:From the discussion:The novel relationships we find have potent
Steve points out that Geoffrey Miller has a new book that's going to come out soon, Spent: Sex, Evolution, and Consumer Behavior. More directly related to the topic of sex and decision-making, The Heat of the Moment: The Effect of Sexual Arousal on Sexual Decision Making. Read the whole paper, but I have a figure... Read More
Razib Khan
About Razib Khan

"I have degrees in biology and biochemistry, a passion for genetics, history, and philosophy, and shrimp is my favorite food. If you want to know more, see the links at http://www.razib.com"