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Knowing and Making's Blog

A blog about cognitive and behavioural economics. Building mathematical models of how psychology influences economic systems.

The economics zeitgeist, 15 May 2011

August 20, 2011 Comments (0)

This week's word cloud from the economics blogs. I generate a new one every Sunday, so please subscribe using RSS or the email box on the right and you'll get a message every week with the new cloud. The words moving up and down the chart are listed here. I summarise around four hundred blogs through their RSS feeds. Thanks in particular to the Palgrave Econolog who have an excellent database of economics blogs; I have also added a number of blogs that are not on their list. Contact me if...

The economics zeitgeist, 8 May 2011

August 20, 2011 Comments (0)

This week's word cloud from the economics blogs. I generate a new one every Sunday, so please subscribe using RSS or the email box on the right and you'll get a message every week with the new cloud. The words moving up and down the chart are listed here (new entry "Osama" is only at number 413! Update: "Laden" is a new entry at 165 and "bin" up 558 places to 97, so I'm no long as surprised as I was) I summarise around four hundred blogs through their RSS feeds. Thanks in...

The economics of Sugar (Lord Sugar, that is)

August 20, 2011 Comments (0)

Alan Sugar has belatedly discovered an important economic concept: the idea of incidence. The star of The Apprentice and former owner of Tottenham Hotspur has just realised that when new income pours into a competitive industry which relies on scarce resources, incumbent companies don't get to keep the money. The standard example of this in economics is farm subsidies. Although one might think farm subsidies are good for farmers, that is not really true. Because there's a fixed supply of...

The economics zeitgeist, 1 May 2011

August 20, 2011 Comments (0)

This week's word cloud from the economics blogs. I generate a new one every Sunday, so please subscribe using RSS or the email box on the right and you'll get a message every week with the new cloud. The words moving up and down the chart are listed here. I summarise around four hundred blogs through their RSS feeds. Thanks in particular to the Palgrave Econolog who have an excellent database of economics blogs; I have also added a number of blogs that are not on their list. Contact me if...

The economics zeitgeist, 24 April 2011

August 20, 2011 Comments (0)

This week's word cloud from the economics blogs. I generate a new one every Sunday, so please subscribe using RSS or the email box on the right and you'll get a message every week with the new cloud. The words moving up and down the chart are listed here. I summarise around four hundred blogs through their RSS feeds. Thanks in particular to the Palgrave Econolog who have an excellent database of economics blogs; I have also added a number of blogs that are not on their list. Contact me if...

AV, status quo bias and definitions

August 20, 2011 Comments (0)

One of the arguments given against the Alternative Vote system is (as laid out in this good but rather long post) that "Under AV the person who comes second can win." Gowers points out in the linked article that this is not true - all it means is that the person who would have come second under FPTP can win. Of course, the whole point of the referendum is that a different person could win under AV than under FPTP. The reverse argument is equally true: the person who would have come second...

The economics zeitgeist, 17 April 2011

August 20, 2011 Comments (0)

This week's word cloud from the economics blogs. I generate a new one every Sunday, so please subscribe using RSS or the email box on the right and you'll get a message every week with the new cloud. The words moving up and down the chart are listed here. I summarise around four hundred blogs through their RSS feeds. Thanks in particular to the Palgrave Econolog who have an excellent database of economics blogs; I have also added a number of blogs that are not on their list. Contact me if...