One interesting topic from the interview with David Laibson was the discussion about how people do not behave rationally. It reflects a trend that is easy to see in daily life---daily procrastination, a flight or fight response to an exam, or teenage impulsivity---but I have never heard it discussed in the context of a large-scale model. It is so cool to think that people are complex enough that econimics can't generalize or average out their behavior to create an accurate mathematical models. There must be some way to see the world through math, but people are so complicated that the equations are very hard to find, and it's exciting that there is so much discovery left to be made.
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