Opinion Science "...Ridiculous" Ep. 3: Children of Unlikely Parents
Feb 26, 2024
From the clash of economists and psychologists to the birth of behavioral economics challenging traditional thinking, this podcast delves into the heated debates among prominent figures and the evolution of a new movement shaping the future. Explore the strategic naming of the field, controversies, and the interdisciplinary nature of behavioral economics.
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Warner's Categorization
- Eric Warner asked the podcast creators about their academic backgrounds, categorizing them as either economists or psychologists.
- This categorization highlighted the fundamental tension between the two fields in the emerging area of behavioral economics.
Economists vs. Psychologists
- Economists, with their established theories, tend to be more hostile and defensive towards inconvenient facts.
- Psychologists, being more empirical, exhibit greater open-mindedness and interest in various facts.
Building Bridges at Sloan
- When establishing the behavioral economics program at Sloan, Eric Warner ensured both economists and psychologists were on the advisory committee.
- This fostered a culture of acceptance, declaring a temporary truce between the two often conflicting fields.