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Tim Harford responds to Dan Ariely

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Part of the debate between Tim Harford, author of "The Logic of Life", and Dan Ariely, author of "Predictably Irrational" - published via Omnivoracious

Channel: Education
Uploaded: April 23, 2008 at 12:46 am
Author: RandomEconomist

Length: 06:30
Rating: 4.33
Views: 1513

Tags: Ariely  economics  Harford  Irrational  Logic  LogicofLife  Omnivoracious  Rational  Undercover  UndercoverEconomist  

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Video Comments

ivanwave (September 15, 2008 at 2:10 am)
IMHO the two are complementary books with their own niche. Freakonomics mainly argues that the data, and specifically statistical reasoning, can get at the answers hidden within life. Logic of Life however, is about about human decisions that seem illogical at first glance, but in fact are very rational responses to incentives and probabilities. Freakonomics also uses broader examples (sumo wrestling, classrooms, gangs) while Logic of Life stays within a more personally relevant framework.
npolvo (August 6, 2008 at 8:59 am)
Hi Tim, If I am allowed to comment, I think both of you have interesting points (and videos!). In my humble opinion both methods/paradigms are capable of bringing interesting insights to policy makers and people in general. I found ideas on how Behavioral Economics can be applied to practice in academic articles like: - Benartzi and Thaler, Journal of Political Economy, 2004 - Dana and Loewenstein, JAMA, 2003 - Loewenstein, Brennan and Volpp, JAMA, 2007 Cheers, Nuno
matijakasij (July 31, 2008 at 1:53 pm)
One very important thing there is no noble prize for economy. And economist are far more dogmatic than pope.
iQing (July 18, 2008 at 2:31 pm)
TH`s "The Logic of Life" lacks originality and copy+paste stuffs from Freakonomics. The Undercover Economist is a much better work.
jaaproos (July 11, 2008 at 6:08 pm)
interesting thanks Tim Harford I love your book!

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