Why am I passionate about this?
I am Professor of Experimental Economics at the University of Auckland where my work lies at the interface of economics and psychology. In a discipline (and a world) that tends to emphasize human self-interest, I have always been interested in our willingness to engage in unselfish behavior. Incentivized decision-making experiments with human participants where payments depend on the nature of their decisions are a powerful way of analyzing behavior. Are people willing to put their money where their mouth is? My background running experiments made me well-positioned to study some of these questions; a lot of them in collaboration with other social scientists including psychologists and political scientists.
Ananish's book list on emotions and economic decisions
Why did Ananish love this book?
I am tempted to say: Because Frank is a delightful writer and leave it at that.
This book reiterates similar themes in discussing how a variety of supposedly non-economic factors affect economic decisions.
In this book Frank discusses how noble human tendencies (moral sentiments) may have not only survived the pressures of the material world, but actually have been nurtured by them. The title is a play on the David Hume quote that “Reason is, and ought to be the slave of the passions, and can never pretend to any other office than to serve and obey them.”
To those interested, I also recommend any of Frank’s other books including Choosing the Right Pond, The Winner Take All Society, and The Darwin Economy.
1 author picked Passions Within Reason as one of their favorite books, and they share why you should read it.
The idea rests on a simple paradox, namely, that in many situations the conscious pursuit of self-interest is incompatible with its attainment. We are all comfortable with the notion that someone who strives to be spontaneous can never succeed. So too, on brief reflection, will it become apparent that someone who always pursues self-interest is doomed to fail.
- Coming soon!