Homines libenter quod volunt credunt
Posted in Paternalism on Nov 9th, 2010
And then they came for the Happy Meal toys. The ordinance, which would go into effect in December of next year, prohibits toy giveaways in fast-food children’s meals that have more than 640 milligrams of sodium, 600 calories or 35 percent of their calories from fat. The law also would limit saturated fats and trans […]
Posted in Behavior, You Can't Have it Both Ways on Nov 9th, 2010
About 30 years ago psychologists and economists began for formalize a theory called “prospect theory” in an attempt to explain some systematic “mistakes” economic actors seemed to make on a fairly consistent basis. Simply put, prospect theory posits that humans weigh gains and losses differently, which explains why they do not behave according to what […]
