Posts Posts by: "Andreas Ortmann"

Tom Schelling was a US American economist (born April 14, 1921); until his death yesterday (Aussie time) he was Distinguished Professor of Economics at the University of Maryland, College Park. He was awarded the 2005 Nobel Memorial Prize in Economic Sciences which he shared with Robert Aumann, a belated completion of the NASH quartet that…(Read More)

German economist extraordinaire Reinhard Selten has died. Born October 1930, he was 85. In 1994 he was awarded the Nobel Memorial Prize in Economic Sciences which he shared with John Harsanyi and John Nash, three quarters of the NASH quartet of Nash, Aumann, Selten, Harsanyi that has been widely credited to have advanced decisively the…(Read More)

Peggy Noonan is a writer and columnist for the WSJ.  Part of her reputation stems from her writing speeches for Reagan and the elder Bush, and for coming up with memorable phrases. Some of these phrases apparently did not work out well for whom she coined them. Read my lips. In a recent WSJ opinion…(Read More)

As the old adage has it, before it gets better it will get worse. I have previously written about the deepening sense of crisis in economics and psychology (e.g., in The Conversation and in Core Economics Today – here and here and here) Three interesting recent exhibits The last couple of weeks we have seen…(Read More)

Ignore facts. Facts are pesky and quaint. They constrain your narrative and might constrain, oh my, your priors. And they might even make it necessary that you provide links. Which might actually be checked. So, don’t go there. If someone brings them (pesky and quaint facts) up, either ignore them and their facts or…(Read More)

Warning: This is mostly a personal travelogue, with some generalizations and conjectures thrown in for good measure. A colleague of mine was so kind to comment on a draft and nonchalantly suggested that the title of the piece ought to be “Clueless Westerner hops off a plane and makes many random observations”. So there, I…(Read More)

It’s pretty obvious what’s going to happen this coming Tuesday. Or maybe already in a couple of hours. That is, if there is some rational decision making going on and the key people have thought through the whole game tree, endgames included. Abbott has done himself in irreversibly, starting with his ill-advised…(Read More)

A couple of days before Christmas 2014, Environment Minister Greg Hunt – he who rather consults Wikipedia than rely on the considerable in-house expertise at his fingertips – published data that seemed to show that  during the second year of its existence the carbon price (often falsely called a “tax”) was more successful than the first…(Read More)

In a recent working paper which has received considerable play on social and other media (and is allegedly forthcoming in The Journal of Economic Perspectives next year), a sociologist called Marion Fourcade and two French economists (Algan, Ollion, the former a research fellow at the CNRS of the University of Strasbourg, the latter a prof…(Read More)

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2014 has gone to Jean Tirole, the superstar of the game theory revolution in industrial organization and corporate finance, “for his analysis of market power and regulation”. Says the official one- line prize motivation. Tirole, albeit young by historic standards – with age 61…(Read More)

In a forthcoming article (downloadable here) in Research Policy (according to the 2013 ranking of the Australian Business Deans Council an A*journal), Sarah Necker of the University of Freiburg, Germany, reports the results of a study on fraudulent and questionable research practices in economics.  The study is based on survey data, so it automatically…(Read More)

A couple of weeks ago (April 26) Seth Roberts died; he collapsed near his home in California. He was a Professor of Psychology at Tsinghua University in Beijing and Emeritus Professor of Psychology at the University of California at Berkeley. He was also the author of bestselling book The Shangri-La Diet.  His diet seems…(Read More)

I previously commented on the batch of submissions (all 16 of them) that were available during the weekend following the May 2, 2014 deadline for submissions. In the following week, 132 submissions were added for a total of 148 (one being a duplicate entry it seems: 16, 146). I have read through about two thirds…(Read More)

I have previously, on these pages, commented on developments and issues concerning the regulatory framework for what some people call the third sector and others call the not-for-profit sector (see here and here and here and here). Most recently, and in light of the Abbott Government’s resolve to abort the Australian Charities…(Read More)

Yesterday I stated my understanding of the problem. So, what to do in light of the deepening crisis? First, in a recent open letter published in “The Guardian” more than 70 researchers have argued that scientific journals ought to allow pre-registered replications (and other studies). In fact, the journals “Attention, Perception & Psychophysics”, “Perspectives…(Read More)

This may be a crisis that you have not heard about. Or maybe you have heard about some of the more egregious recent exhibits such as Sanna or Smeesters or Stapel or, possibly, Geraerts and Dijksterhuis. Sanna resigned from the University of Michigan in May 2012 after a University of North Carolina investigation of concerns…(Read More)

The perception of Adam Smith, too often claimed by ignorant liberal market extremists as one of theirs (as the founder or father of modern capitalism, or laissez-faire economics, and so on), has undergone a significant change, at least among those who actually have read parts of his oeuvre, and especially among those that have…(Read More)

Last week, in another fun-filled ceremony at Harvard University, this year’s IgNobels were awarded for research that seems particularly ignoble. This spoof has become a cult event of note; a report on the festivities and a succinct summary of this year’s ten award winners may be found here. Some of the Ig…(Read More)

In a widely cited, and provocatively titled, article in 1999, now approaching 1,400 citations on scholar google, Kruger and Dunning seemed to provide evidence that “difficulties in recognizing one’s own incompetence lead to inflated self-assessments”. In other words, the less skilled (that’s what the authors really meant to say, alas a…(Read More)

MOOConomics

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Inside Higher Ed, an online blog that features detailed analyses on developments in higher education in the USA (including a number of interesting reads on the developments at the University of Virginia – here and here — and the fundamental questions it prompts on the governance of higher education institutions there and elsewhere and, yes, the introduction…(Read More)

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