Behavioral economists explore human errors. They focus on how people depart from perfect rationality. Many of the best movies do the same thing. They investigate how our all-too-human foibles create trouble, wealth, violence, heroism, love and war. It is past time, then, to award the Behavioral Economics Oscars, otherwise known as the Becons.
Nicole Kidman, Amy Poehler, Bradley Cooper, Barbra Streisand, Sharon Stone and Kevin Spacey were among the players of Hollywood, politics and the media gathered this past weekend for parties around the White House Correspondents’ Association Dinner.