The problem with behavioral economics. 

Australian economist Jason Collins equates the 165 cognitive biases with a broken model of the 16th century earth-centric universe. Basically, he makes the point that these biases are not “malfunctions” but are rather more simply explained by a better model (a la heliocentric universe). I think his argument, while accurate on many points, misses the mark. What do you think? learn more

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