In several of my recent posts, I laid out my case for how it might not undermine all of economic thinking to find that people aren’t necessarily rational. One of my key points was that you can model irrationality as rationality, but this does raise the question: What good are models in the first place? [...]

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Economics, Information, Logic, Symmetry by Paul Ganssle

A few weeks ago, Brian Dunning over at Skeptoid put out his crap-tacular episode on The Placebo Effect. Having just gotten around to listening to it, I have some comments about the fundamental flaws in his reasoning. His basic argument is that the placebo effect that we’ve all heard so much about is a real [...]

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Logical Discourse, Skepticism by Paul Ganssle