LESSWRONG

Under fairly weak assumptions, the most a standard rational economic agent is willing to pay for an item they don't own (WTP) and the least

Related to: Beyond Bayesians and Frequentists Update: This comment by Cyan clearly explains the mistake I made - I forgot that the orderin

We know politics makes us stupid, but now there's evidence (pdf) that politics makes us less likely to consider things from another's point

Track your happiness using your iphone: For thousands of years, people have been trying to understand the causes of happiness. What is it

Date: Sunday May 8, 2:00pm until at least 4:00pm. Venue: Cafe Milo in Ames, IA (~ 1 hour from Des Moines, ~ 3 hours from Iowa City) This

I haven't read/listened to them, but I thought these might be interesting to the local bitcoin users: Eli Dourado (GMU econ PhD candidate)

Found via reddit, excerpt: Choking happens when we let anxious thoughts distract us or when we start trying to consciously control mot

Related to: The Conjunction Fallacy, Conjunction Controversy The heuristics and biases research program in psychology has discovered many

Recently I argued that the economist's utility function and the ethicist's utility function are not the same.  The nutshell argument is that

Bryan Caplan writes: Almost all economic models assume that human beings are Bayesians...  It is striking, then, to realize that academic