George Loewenstein – författare

‘A stirring call to action’ – TIM HARFORD‘A masterclass’ – DARON ACEMOGLU'An excellent book' – NASSIM NICHOLAS TALEBTwo decades ago, behavioral economics burst from academia to the halls of power, on both sides of the Atlantic, with the promise that correcting individual biases could help transform society. The hope was that governments could deploy a new approach to addressing society’s deepest challenges, from inadequate retirement planning to climate change—gently, but cleverly, nudging people to make choices for their own good and the good of the planet.It was all very convenient, and false. As behavioral scientists Nick Chater and George Loewenstein show in It’s On You, nudges rarely work, and divert us from policies that do. For example, being nudged to switch to green energy doesn’t cut carbon, and it distracts from the real challenge of building a low-carbon economy.It’s on You shows how the rich and powerful have repeatedly used a clever sleight of hand: blaming individuals for social problems, with behavioral economics an unwitting accomplice, while lobbying against the systemic changes that could actually help. As two original proponents of the nudge principle, Nick and George now argue that rather than trying to “fix” the victims of bad policies, real progress requires rewriting the social and economic rulebook for the common good.

A founding father of behavioural economics reveals the hidden logic of negative emotions with a clarity and humour that make our worst feelings strangely easier to bear. Every age has its illusions. Ours is that happiness is the natural human condition. Behavioural economist George Loewenstein argues the opposite: that our lives are inextricably shaped by the darker emotions we spend so much time trying to avoid.In The Opposite of Happiness, he draws on decades of influential research—as well as insights from literature and from his own life experiences—to offer a tour de force reexamination of the role negative emotions play in our lives: why pain is stickier than pleasure, how the modern world makes bad feelings worse, and why our attempts to escape misery usually only sharpen its sting. Those who struggle to find and sustain happiness are not unlucky or flawed, he argues, but merely human, suffering the slings and arrows of an inherently negative nature. This knowledge comes, however, not as a bitter pill but as much-needed solace for anyone navigating the frustrations and heartbreaks of modern life.In this fascinating deconstruction of negative emotions and their behavioral consequences, Loewenstein explains how features of our mind, like memory, attention, and self-esteem, conspire to keep us down. He reveals the downside of supposedly uplifting feelings like hope, and untangles misery’s intertwined forms: guilt and shame, jealousy and envy, loneliness and depression, impatience, boredom, and regret. Drawing from a first-of-its-kind Misery Survey, Loewenstein shares participants’ stories about, and insights into, the diversity of negative emotions that collectively weigh us down.Providing a provocative and refreshing counter argument to the self-help industry, The Opposite of Happiness shares a sobering, deeply human, and ultimately comforting truth: The sooner we understand our negative natures, the sooner we will stop feeling guilty about failing to achieve lasting bliss, and the better connected we will be to others who share the same, or their own unique mix of, negative emotions.

A founding father of behavioural economics reveals the hidden logic of negative emotions with a clarity and humour that make our worst feelings strangely easier to bear. Every age has its illusions. Ours is that happiness is the natural human condition. Behavioural economist George Loewenstein argues the opposite: that our lives are inextricably shaped by the darker emotions we spend so much time trying to avoid.In The Opposite of Happiness, he draws on decades of influential research—as well as insights from literature and from his own life experiences—to offer a tour de force reexamination of the role negative emotions play in our lives: why pain is stickier than pleasure, how the modern world makes bad feelings worse, and why our attempts to escape misery usually only sharpen its sting. Those who struggle to find and sustain happiness are not unlucky or flawed, he argues, but merely human, suffering the slings and arrows of an inherently negative nature. This knowledge comes, however, not as a bitter pill but as much-needed solace for anyone navigating the frustrations and heartbreaks of modern life.In this fascinating deconstruction of negative emotions and their behavioral consequences, Loewenstein explains how features of our mind, like memory, attention, and self-esteem, conspire to keep us down. He reveals the downside of supposedly uplifting feelings like hope, and untangles misery’s intertwined forms: guilt and shame, jealousy and envy, loneliness and depression, impatience, boredom, and regret. Drawing from a first-of-its-kind Misery Survey, Loewenstein shares participants’ stories about, and insights into, the diversity of negative emotions that collectively weigh us down.Providing a provocative and refreshing counter argument to the self-help industry, The Opposite of Happiness shares a sobering, deeply human, and ultimately comforting truth: The sooner we understand our negative natures, the sooner we will stop feeling guilty about failing to achieve lasting bliss, and the better connected we will be to others who share the same, or their own unique mix of, negative emotions.

George Loewenstein is one of the pioneers of the rapidly growing field of behavioral economics. For over twenty years he has been working at the intersection of economics and psychology and is one of the few people of whom it can be said that their work is equally respected and well known within both disciplines. This book brings together a selection of his papers focusing on what he calls "exotic preferences"-- the disparate motives that drive human behavior. In addition to covering the history and methodology of behavioral economics, they also touch on a wide range of fascinating topics such as the motives that drive extreme athletes, our propensity to want to get unpleasant experiences out of the way so we can focus on the more pleasant, and the psychology of curiosity. There are also papers on social preferences, discussing the importance of perceptions of fairness in interpersonal interactions, intertemporal choice-- the tradeoffs between costs and benefits occurring at different points in time-- and the impact of emotion on economic decision making. An original introduction outlines Loewenstein's general approach to research, and there are short introductions to each paper outlining briefly when, how and why they came to be written, providing a fascinating and vivid insight into the process of intellectual creativity.

George Loewenstein is one of the pioneers of the rapidly growing field of behavioral economics. For over twenty years he has been working at the intersection of economics and psychology and is one of the few people of whom it can be said that their work is equally respected and well known within both disciplines. This book brings together a selection of his papers focusing on what he calls "exotic preferences"-- the disparate motives that drive human behavior. In addition to covering the history and methodology of behavioral economics, they also touch on a wide range of fascinating topics such as the motives that drive extreme athletes, our propensity to want to get unpleasant experiences out of the way so we can focus on the more pleasant, and the psychology of curiosity. There are also papers on social preferences, discussing the importance of perceptions of fairness in interpersonal interactions, intertemporal choice-- the tradeoffs between costs and benefits occurring at different points in time-- and the impact of emotion on economic decision making. An original introduction outlines Loewenstein's general approach to research, and there are short introductions to each paper outlining briefly when, how and why they came to be written, providing a fascinating and vivid insight into the process of intellectual creativity.

This collection explores the subject of conflicts of interest. It investigates how to manage conflicts of interest, how they can affect well-meaning professionals, and how they can limit the effectiveness of corporate boards, undermine professional ethics, and corrupt expert opinion. Legal and policy responses are considered, some of which (e.g. disclosure) are shown to backfire and even fail. The results offer a sobering prognosis for professional ethics and for anyone who relies on professionals who have conflicts of interest. The contributors are leading authorities on the subject in the fields of law, medicine, management, public policy, and psychology. The nuances of the problems posed by conflicts of interest will be highlighted for readers in an effort to demonstrate the many ways that structuring incentives can affect decision making and organizations' financial well-being.

This collection explores the subject of conflicts of interest. It investigates how to manage conflicts of interest, how they can affect well-meaning professionals, and how they can limit the effectiveness of corporate boards, undermine professional ethics, and corrupt expert opinion. Legal and policy responses are considered, some of which (e.g. disclosure) are shown to backfire and even fail. The results offer a sobering prognosis for professional ethics and for anyone who relies on professionals who have conflicts of interest. The contributors are leading authorities on the subject in the fields of law, medicine, management, public policy, and psychology. The nuances of the problems posed by conflicts of interest will be highlighted for readers in an effort to demonstrate the many ways that structuring incentives can affect decision making and organizations' financial well-being.

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics.The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gachter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.