The Wisdom of Crowds and the Stupidity of Herds

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Mershon_Zeckhauser_WebEvent_2015-03-11.pdf (1.19 MB)
031115.mp4 (295.44 MB)

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2015-03-11

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Ohio State University. Mershon Center for International Security Studies

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Abstract

Richard Zeckhauser is the Frank P. Ramsey Professor of Political Economy at Harvard University. He pioneered the field of policy analysis and currently addresses an array of policy areas where uncertainty plays a major role. His seminal contributions to decision theory and behavioral economics include the concepts of status quo bias, quality-adjusted life years (QALYs), and the analytics of ignorance. He came in first (Mixed Pairs, 2007), second (Mixed Teams, 2003 and 2012), and third (Open Pairs, 2004) in recent national contract bridge championships.

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The media can be accessed here: http://streaming.osu.edu/knowledgebank/Mershon15/031115.m4v

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uncertainty, groups, decision theory, behavioral economics

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http://hdl.handle.net/1811/70890

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2014-15 Mershon Center Speakers and Conferences