JOHN HOWE
Author & Behavioral Economist
What is behavioral economics? Standard economic models assume that people are perfectly rational, e.g., they collect and analyze data correctly. Psychology studies have shown, perhaps not surprisingly, that people are not always rational. For example, they are open to information that confirms their beliefs and less open to information that runs contrary to their beliefs.
Thus, behavioral economics lies in the intersection between economics and psychology. It examines how behavioral biases and cognitive limitations affect our decisions, and what we can do to mitigate the effects of biases and cognitive limitations.
FEATURED APPEARANCES
The Daily Blend w/ AC
May 27, 2024
It's never too early to start thinking about financial contributions to your retirement fund. John Howe, author of 'The Foolish Corner' and a behavioral economist, says, "the number of boomers who do not have sufficient resources for at least a comfortable retirement is significant."
Famous Interviews with Joe Dimino
April 20, 2024
On this episode, we talk with Author & Behavior Economist John Howe. His interest in behavioral economics was piqued when, in 2002, psychologist Daniel Kahneman won the Nobel Prize in economics. He has always been fascinated by both the quantitative (the numbers) and the qualitative (the story/feelings) and how there is not one without the other.