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.
31:51
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Quick takeaways
- Behavioral economics integrates psychology and economics, overcoming initial skepticism and fostering a data-driven understanding of economic decision-making.
- The clash between economists' theory-focused approach and psychologists' empirical focus highlights the challenge of integrating different disciplines in behavioral economics.
Deep dives
The Tension Between Economists and Psychologists in Behavioral Economics
Behavioral economics, a field melding economics and psychology, faces a fundamental tension due to the differing approaches of economists, who tend to be theory-focused and defensive against contradicting facts, and psychologists, known for their open-mindedness and empirical focus. The movement aims to integrate insights from both disciplines but struggles with the inherent hostility between economists and psychologists.
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