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Risky business

A new article in the latest issue of the PNAS entitled “Predicting risky choices from brain activity patterns“ (h/t to Shannon Selin). This study reminds me of Daniel Kahneman and Amos Tversky’s work: Prospect theory concerns the psychophysics of wealth utility: that is, the perceived tradeoffs between potential outcomes and the probability of some outcome occurring. Kahneman…

Is Behavioral Economics Doomed?

Here is a skeptical take on the insights supposedly offered by the rise of behavioral economics as represented by Daniel Kahneman and others. Since I’m in the process of reviewing Kahneman it will be interesting to see if Levine’s take on behavioral economics jibes with my take on Kahneman in particular and behavioral economics in…

The Amygdala Made Me Do It

James Atlas reviews the latest spate of books on biological determinism. Artificial intelligenceCharles DuhiggCognitionCognitive neuroscienceCognitive sciencecomplexityconsciousnessDaniel KahnemanDavid HumeEmbodied cognitionGilbert Rylephilosophical psychologyPhilosophy of mindqualiaTony DungyTreatise of Human NatureWilliam James