Showing posts with label optimism. Show all posts
Showing posts with label optimism. Show all posts

Monday, October 10, 2011

Unrealistic Optimism

People tend to accept good news much more than bad according to this paper by Sharot, Korn and Dolan. I suppose these kinds of asymmetries stand at the heart of behavioural economics.

Tuesday, April 27, 2010

Assorted Links

1. The Economist on British schools

2. Are "Dublin graduates" more likely to find jobs?

3. Poor students 'just as likely to gain good degree'

4. Volunteering: something that people feel morally obligated to do when asked, but which they would just as soon let someone else do?

5. Curb Your Enthusiasm: The Economist on the dangers of getting too excited

6. Speaking of curbing enthusiasm, below is a clip from the TV show where Larry David teaches Christian Slater the unwritten rules of hors d'oeuvres consumption. Peter Martin explains how this video illustrates the work of Elinor Ostrom for which she won this year's Economics Nobel Prize (on rules for managing common-pool resources).

Sunday, June 07, 2009

More on Google Trends: Searching for the Jolly Green Giant?

The Economist Blog reported in April that Google Trends showed a decline in news reference volume for all three of the terms “Great Depression,” “credit crisis,” and “layoffs.” They asked whether this suggests that the worst is behind us, and whether we can expect a pending economic recovery?

Experimenting with these keywords now shows that the decline in news reference (and search) volume has continued. However, it is possible that media operators could provide less coverage of a recession, even though it continues (the question may be: what sells newspapers?). Also, people may not search for information about a recession, even though it is happening around them (sticking one's head in the sand?).

Another approach is to experiment with keywords like "recovery" and "economic recovery". The latter has a spike in search (and news reference) volume on February 10th, when the U.S. Senate passed President Obama's economic recovery plan. The former has been trending upward in news reference volume since the start of the year.

It's difficult to say anything about so-called "green shoots" using this data; at the very least we know that Obama harnessed a lot of attention at the start of February with his plan for economic revival.