1. Economics Teaching Sessions at AEA Meeting in Denver (via Greg Mankiw)
2. Stumbling and Mumbling has some interesting thoughts on tail-risk and Northern Ireland's current trouble with water. Dublin has been hit with water shortages also due, it seems, to burst pipes leading to massive leaks of water. The preparedness of Ireland and the UK for the type of extreme (by standards this side of the world) weather conditions experienced in the last month is a very interesting case-study in cost-benefit analysis and behavioural economics.
3. The Guardian letter-writing page starts attacking the "nudge agenda".
4. New website of the Cornell Center for Behavioural Economics in Child Nutrition.
5. From Behavioural Economics to the Bedside - about a JAMA edition on physician reasoning in case you were wondering.
6. Hepburn et al - Behavioural Economics, Hyperbolic Discounting and Environmental Policy - from a recent special issue of Environmental and Resource Economics
7. Kirman and Teschi - The Role of Empathy in Economics
Empathy is a longstanding issue in economics, especially for welfare economics, but one which has faded from the scene in recent years. However, with the rise of neuroeconomics, there is now a renewed interest in this subject. Some economists have even gone so far as to suggest that neuroscientific experiments reveal heterogeneous empathy levels across individuals. If this were the case, this would be in line with economists' usual assumption of stable and given preferences and would greatly facilitate the study of prosocial behaviour with which empathy is often associated. After reviewing some neuroscientific psychological and neuroeconomic evidence on empathy, we will, however, criticize the notion of a given empathy distribution in the population by referring to recent experiments on a public goods game that suggest that, on the contrary, the degree of empathy that individuals exhibit is very much dependent on context and social interaction