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The New York Times On Neuroeconomics

Posted by timothy on from the say-hello-to-messrs-sterling-and-gibson dept.

ravenousbugblatter writes "The New York Times technology section has an article discussing the increasing attention that neurologists are devoting to the study of the human mind in relation to economics. It looks like John Nash's game theory could have yet another application."

2 of 21 comments (clear)

  1. Economy of the Living Dead? by Rick+the+Red · · Score: 3, Funny

    I must not be getting enough sleep.Either I'm brain-dead, or I have dead on the brain. I thought it said "The New York Times on Necroeconomics."

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    If all this should have a reason, we would be the last to know.
  2. Re:Nash by Daniel+Dvorkin · · Score: 3, Interesting

    Yep. And for that reason, I predict, free market fundamentalists (Randoids et al.) are going to reject this research out of hand. "The market will take care of it" makes sense if and only if people act rationally. But because they do make decisions based on their guts instead of their heads, giant companies with shitty products and great P.R. end up ruling the day -- which the FMF's take as proof that the market is working! (Yes, kids, that's right. Britney Spears is the greatest singer ever. You need $300.00 shoes or you won't be able to walk. And you can't use a computer without Windows. Trust us.) In the current political climate, this research will be buried.

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    The correlation between ignorance of statistics and using "correlation is not causation" as an argument is close to 1.