Asia Times

Why 鈥榖ehavioral economics鈥� is neither 鈥榖ehavioral,鈥� nor 鈥榚conomics鈥�

Written by Reuven Brenner

Over the years, some economists carried out laboratory experiments and argued that people are inconsistent in ways they assess risks and probabilities. They concluded that it is misleading to rely on other economists鈥� view of risk, and that economics cannot be separated from psychology. This field of study is known today as 鈥渂ehavioral economics鈥� (Kahneman and Tversky its founders), which, as briefly shown here, is neither 鈥渂ehavioral,鈥� nor 鈥渆conomics,鈥� nor makes sense.

Classified as: Reuven Brenner, Asia Times

Category:

Desautels Faculty of Management

Published on: 18 Dec 2015

Canadian elections: Why did inexperience triumph?

Article written by Professor Reuven Brenner

As in the United States, Canadians voted for 鈥淗ope and Change鈥� on Oct. 19, 2015.

These are exactly the words Justin Trudeau, the 43-years old elected head of the Liberal party, repeatedly used in his victory speech in both English and French.听 I could not avoid wondering if Mr. Trudeau鈥檚 team used the same public relations firm that Mr. Obama used in his first campaign, or if he just borrowed the slogans. 听

Classified as: Reuven Brenner, Asia Times, Canadian federal election 2015

Category:

Desautels Faculty of Management

Published on: 30 Oct 2015

How many immigrants can Europe accommodate?

Written by听Reuven Brenner

Europe is now facing a prospect similar to what the US has been facing for decades: the march of millions upon its borders. But whereas the US got millions of immigrants fleeing Mexico for a better life, the potential millions moving on Europe come from failing states from around the world: Syria, Iraq, Afghanistan, Libya 鈥� and through the latter, from Nigeria, Eritrea and other.

Classified as: Reuven Brenner, Asia Times

Category:

Desautels Faculty of Management

Published on: 25 Sep 2015

The boom-and-bust Fed's rental society

Article By Reuven Brenner听

Now, as during World War II and up to 1951, the US Federal Reserve practiced what is now called quantitative easing (QE). Then, as now, nominal interest rates were low and the real ones negative: The Fed鈥檚 policy did not so much induce investments as it allowed the government to accumulate debts, and prevent default.听

...听Reuven Brenner听holds the Repap Chair at 鲍鱼直播鈥檚 Desautels Faculty of Management. The article draws on his听Force of Finance听(2002).听