Nobel Prize Archives - Public Seminar

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Thaler’s Nobel Does Not Challenge Mainstream Economics

Prizing nudges over shoves misjudges what we need right now

October 31, 2017 • by Eli Cook

Behavioral economics contends that economic agents -- contrary to orthodoxy theory -- do not always behave in ‘rational’ ways. Human beings base their decisions on "biases" or "heuristics." For example, behavioral economists argue that we tend to overvalue things we already own. This is known as an “endowment effect.” The experiments ...

On Dylan Anxiety

October 16, 2016 • by Zachary Sunderman

Bob Dylan is the 2016 Nobel Laureate in Literature. Some people love it, some people hate it. That’s to be expected. But why do the people who hate it, hate it so much? There are all sorts of possible explanations, and certainly more than one of them has purchase. We can ...

Category Anxiety: Bob Dylan’s Nobel Prize

October 15, 2016 • by Laura Nelson

It’s been a weird year (the weirdest I can remember at least), and Thursday morning’s announcement that Bob Dylan won the Nobel Prize for Literature made it weirder still. But, overall, it is weird in a welcome way.

Pre-announcement speculation centered on the possibility that the prize might be awarded to an ...