Further reading in Value Walk
Blogg by Bryan Caplan
Critics of behavioral economics often accuse its practitioners of a tacit double standard: Human irrationality is a poor argument for government action because officials are human, writes Bryan Caplan, asking if behavioral economists can neglect such a basic critique of their position: "Yes. In “Time for a Behavioral Political Economy” (Review of Austrian Economics 2012), Niclas Berggren [IFN ]classifies over 300 papers in behavioral economics. The main finding is that "20.7% of all articles in behavioral economics ... contain a policy recommendation and that 95.5% of these do not contain any analysis at all of the rationality or cognitive ability of policymakers".
Further reading in Value Walk
Blogg by Bryan Caplan