The recent terrorist attacks in Kenya and Pakistan have reinvigorated the worldwide fear of extremist violence. The far-reaching effects of these tragic events have substantial impacts on the way people choose to live their lives. Terrorism induces fear. This natural human reaction causes subjective beliefs and reality to diverge. Exploring the consequences of terrorism is a challenge for economists, especially with regard to the effects on rationality, consumption and economic behaviour.
Effective Altruism: Economic Design For Drowning Children
Effective altruism, as a philosophical movement, is gaining in popularity across the world. Join Josh as he provides an introduction to the philosophy behind this phenomenon and discusses the opportunity for economic concepts in mechanism design to optimise decision-making in this area.