Collective decision-making under uncertainty: Rational addiction

Monday, November 10, 2008

Rational addiction

This is a term I just learned today. I cannot say I know much about it but it looks like for economists everything can be modelled in a rational way, including addictions.

A Freakonomics quiz asked what would be the most addictive goods. There is a long list of answers and I didn't bother to read everything. Here is mine: economists' desire to rationalize everything!

Update: the answer is "people (falling in love, human interaction in general)" (more)

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My name is Shuang Liu and I work for CSIRO Ecosystem Sciences as a research scientist. Three key words that summarize my background are: problem-solving, the science-policy interface, and interdiciplinarity.

Trained as an ecological economist as a PhD student (Gund Institute for Ecological Economics, University of Vermont), I take solving real-world problems as the ultimate goal of my research (and yes, they did tell me publication is also important). So I have been working at the science-policy interface (so far mostly in the areas of ecosystem services and biological invasions) with my knowledge and training in biology, ecology, economics, public participation, and group facilitation.

Looking into the future, what intrigues me most is how we make collective decisions under uncertainty. Just think about our experience so far with GMOs, biological invasions, and of course climate change... This blog records the journal of my research in this direction.