Common mistakes in daily decisions
The Old Theatre at the LSE was completely packed last evening for an entertaining and riveting lecture from Dan Ariely, the author of ”Predictable Irrationality”. Dan Ariely has for many years used experimental methods to discover more about many of the biases apparent in our everyday behaviour. His lecture was rich in examples and encouraged us at all times to think counter-intuitively.
read more...»Modelling the Economics of Love
Valentine’s Day came and went and I have to admit that the day passed by without a great deal of activity! So much so that I ended up going for three jogs in one day .... something I haven’t done for several years! The phenomenal growth of demand for and supply of speed dating services is generating plenty of interest among economists who now have some rather interesting data to observe about people’s preference and behaviour on speed dates. Tim Harford wrote a super piece on this last year and some of his findings also make their way into The Logic of Life. Over at Marginal Revolution, Tyler Cowen wrote about the economics of dating last year - his new book ‘Discover your Inner Economist’ is well worth catching hold of.
But perhaps the most brazen attempt to model the economics of love and turn it all into a full cost-benefit analysis can be found here at Solve Dating!
