🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Any applied micro JMCs interested in a post-doc at USC Economics. Email me your CV and JMP. We have a position that isn’t on AEA JOE. #EconTwitter

New work out in PNAS with Blair Shevlin Steph Smith and Jan Hausfeld! We find that high-value decisions are both fast AND accurate contradicting the ideas of diminishing value sensitivity and satisficing. Summary thread below. #neuroeconomics doi.org/10.1073/pnas.2… 1/10

Stories which attribute outcomes to causes have stronger effects than statistical information, from Chad W. Kendall and Constantin Charles nber.org/papers/w30346

Really cool paper. New data on link between risk preferences and noise in perception, using multiple techniques

Prospect Theory's famous “S-shaped” value function is a cornerstone of behavioural economics. Surprisingly, more than 40 years after its inception, there seem to be a lot of remaining puzzles about it. Or... perhaps not anymore. A 🧵that may change your view on Prospect Theory.

The probability weighting function from prospect theory is malleable in the manner predicted by efficient coding, from Cary Frydman and Lawrence Jin nber.org/papers/w31573

OUTRAGEOUS - 200 Northwestern University ECON101 students were greeted this morning with this anti Israel propaganda. Imagine being a Jewish student campus right now, having to explain why the Jewish nation deserves the right to defend itself against barbaric terrorism.

🚨 Wow. A forceful, morally clear statement, signed by dozens of Northwestern faculty — including the two immediate predecessors of the current, equivocal university president. “Although we grieve for the loss of all innocent lives, the loss of life is on the bloodied hands

Ok folks, here is the job ad for our Empirical IO Assistant Professor position and how to apply: usccareers.usc.edu/job/los-angele… We'll be moving fast so please encourage all of your students to apply quickly.

Interesting new explanation for behavior in coordination games using machine learning. Data on context-dependent coordination from a recent paper with @NunnariSalvo

Take a look at our Review just published in Trends in Cognitive Sciences Rationality, preferences, and emotions with biological constraints: it all starts from our senses Free access to our article (online and PDF) for about 40 days!! don't miss it 👇 shorturl.at/pwCDM

RIP Danny Kahneman Kahneman recently told me in a discussion about collective intelligence that if he had at least another decade to live, he'd found a department to study the role of noise in human behavior. Of course noise--a phenomenon often with counterintuitive

This is amazing. The bias that language models have in computing expected value depends on the training data. And when the training data matches the distribution of real-world stimuli, you get biases that look like those in human choice data

💡Implication: the growth of target date funds as defaults might be good for investors by helping align choices & preferences (more to come on this) Note that if non-participation was driven by loss-aversion, as some literature suggests ,this would not necessarily be the case!

Been away from socials, but want to mention a new project that I'm really proud of. In this pre-print we present evidence for a simple solution on how to find accurate answers to open-ended questions: select the person fastest to respond (thread ⬇️) papers.ssrn.com/sol3/papers.cf…