[marginalium]
Behavioural economics is just a list of biases
7 Sep 2022
Behavioural economics is just a list of biases: an argument that behavioural economics has fallen into a trap of simply creating a taxonomy of biases rather than an applicable model for thinking about human behaviour
There is no theoretical framework to guide the selection of interventions, but rather a potpourri of empirical phenomena to pan through … The point of decision-making is not to minimize bias. It is to minimize error, of which bias is one component. In some environments, a biased decision-making tool will deliver the lowest error.
Edit: I now have lots of articles on this.
Anthologies: Betterment, Somatic Architecture, Neurotypica, Psychologia, Cognitive Karstica, On Thinking and Reasoning