Making of Behavioral economics - Health Market Bubble
Link to play Dan Ariely talk at TED click here Read more at Dan Ariely's blog Are we going to forget what we just learned? 28th April 2009, 08:52 am Paul Krugman published an op-ed yesterday about exec salaries . The very sad conclusion he comes to is that because the financial markets seem to be on an improving trajectory (although it is hard to know if this reflects a real improvements in the economy yet) the push to reform the banks could die off. As Krugman puts it: “In 2008, overpaid bankers taking big risks with other people’s money brought the world economy to its knees. The last thing we need is to give them a chance to do it all over again.” We are now in a unique point in time where we just realized the mess we got ourselves into by assuming that the markets will be perfectly rational — and I sure hope we are not going to forget this painful lesson just because the market seem to be slightly higher these days. In...