Behavioral Economics in Song

Liam Delaney gives The Flaming Lips "a honourable place in the
behavioral economics songs hall of fame for the 'yeah yeah yeah song' which
reminds us that it is 'a very dangerous thing to do exactly what you
want because you cannot know yourself…'."

I take Delaney's Yeah, Yeah, Yeah and raise it with Chris Smither's Heh, Heh, Heh song which runs in part:

Pretty soon you're gonna ask me,
How come the life you lead,
Doesn't make you very happy,
Or satisfy your needs,
You talk about your needs as though
You know just what they are,
When in fact to really know them,
Is like traveling to a star,
It takes so long you die along the way,
So I say hey, hey, hey.

One of my papers, which never got very far, took this as inspiration to think about how preference discovery could modify various economic concepts.

Your nominations?


Comments for this post are closed