[kartman]

I think this recent thread is very relevant for any posting about Economics research: https://news.ycombinator.com/item?id=8543865. TLDR: Overall, the credibility of the economics research literature is likely to be modest or even low.

i would think we will save huge amounts of money and world pain, by not funding this pseudo science similar to homoeopathy.

btw, Kahneman who did the foundational research in what economists hijacked as behavioral economics is not even remotely an economist.

[kartman]

edit: "not even remotely an economist" I mean as a compliment, I read his Prospect Theory papers and hold him in high regard. He is a great scientist and psychologist, who did not ever study what is called economic theory- so not an economist.

[aet]

He won the Nobel Prize in Economics

[kartman]

Again just to clarify, if you read Kahneman's own words he says he is not an economist but a psychologist.

The Nobel "Memorial" prize by the bank of Sweden was awarded to him. Its what he calls himself that I am talking about, not what some Bank in Sweden is calling him.

Btw, says something about Economics as a field that it chose to name its top most award in way it will be confused with the true prizes set up by Nobel himself. Not the case, for example, with Math or others.