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pierredv : rationality   3

The animal economists that can wheel and deal as well as any human | New Scientist Dec 2018
"As we get to know Earth’s myriad other species better, it is becoming apparent that many animals and organisms make trades, and that some are surprisingly savvy wheeler-dealers capable of manipulating the market in their own selfish interests. From frisky baboons to fish offering spa treatments on the reef, pretty much everywhere we look in nature we find evidence of surprisingly sophisticated economic decision-making. Even fungi are at it, and according to the latest studies, these brainless soil dwellers give the impression of being more rational than us."

"... over the past few years, biologists have shown that scores of animals are capable of responding to market forces, including chimpanzees, macaques, mongooses, ants, wasps and small fish called cichlids. In one of the most recently unearthed examples of a biological market, the traders don’t have brains at all. Kiers studies the underground marketplace in which mycorrhizal fungi trade phosphorus for carbon with the roots of plants."
NewScientist  economics  rationality  biology 
march 2019 by pierredv
Science rules OK: Running societies the rational way - New Scientist
Why double blind trials are so scarce in public policy, and not acted on even when they're done "Why would we expect elected officials to immediately change policy based on randomised trial research if we can't get doctors to wash their hands?"
politics  policy  rationality  sociology  NewScientist 
may 2008 by pierredv
Milton Friedman and the Rational-Agent Model -- The Frontal Cortex :
commentary starting from Paul Krugman's analysis of Milton Friedman's intellectual legacy, and going on to talk about neuroeconomics
economics  neuroscience  cognition  rationality 
february 2007 by pierredv

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