tag:blogger.com,1999:blog-4039434.post3810774307796452520..comments2024-02-26T06:46:53.171-05:00Comments on Rajiv Sethi: Selection into and within OccupationsRajivhttp://www.blogger.com/profile/13667685126282705505noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4039434.post-51559226861664000932010-03-26T13:13:11.445-04:002010-03-26T13:13:11.445-04:00Liam, yes, if you agree with Felix's deeply ps...Liam, yes, if you agree with Felix's deeply psychological characterization of this behavior then your argument makes sense, but I think that one could equally think of this in terms of preference heterogeneity. Also, behavioral economics does tend to focus on psychologically typical phenomena (loss aversion, hyperbolic discounting, endowment effects, etc) rather than the economic effects of pathologies.Rajivhttps://www.blogger.com/profile/13667685126282705505noreply@blogger.comtag:blogger.com,1999:blog-4039434.post-23502058205177984272010-03-26T11:23:03.765-04:002010-03-26T11:23:03.765-04:00I think this (otherwise excellent) post confuses b...I think this (otherwise excellent) post confuses behavioral economics with experimental economics. The former may or may not depend on support from the lab. What it does depend on is psychological insights such as the one from Felix Salmon. To me, this explanation sounds exactly like behavioral economics.Liam C Malloyhttps://www.blogger.com/profile/10354440651251098594noreply@blogger.com