LIRNEasia is a regional ICT policy and regulation think tank active across the Asia Pacific

Tag Archives: Nobel

Thaler and the demise of homo economicus

When I was studying economics in the 1980s, it was quite vulnerable to the criticism that the entire edifice was built on a shaky assumption: homo economicus. But now that Kahnemann, Thaler et al. have slain h.e., economics is that much stronger. I am happy that most people at LIRNEasia have been reading Thaler, Shiller, […]

Regulatory theory: Where the rubber hits the road

In today’s Financial Express, Sudhir Shah and Payal Malik conclude their assessment of the work of Tirole and Laffont (who would have been a co-recipient had he lived) concludes thus: The institutional context for Tirole’s work is also important. While Tirole and numerous collaborators have built a sophisticated theory to guide regulators and thereby accorded […]

Shiller’s Nobel

It’s always nice when someone whose work has been used in LIRNEasia wins a big award. Robert Shiller greatly influenced our thinking on risk-reduction in the aftermath of the 2004 Indian Ocean tsunami. It’s true that he did not get the 2013 Nobel for that work, but still we are happy that an economist who […]

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