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Journal Article
Interview: Jean Tirole
French economist Jean Tirole, recipient of the 2014 Nobel Memorial Prize in Economic Sciences, sees a close similarity between economics and the "caring profession" of medicine. "The economist," he contended in his recent book Economics for the Common Good, "like the oncologist, makes a diagnosis on the basis of the best available (though necessarily imperfect) knowledge, and then either proposes the most suitable treatment on that basis or no treatment at all, if none seems necessary."
Journal Article
Interview: Ulrike Malmendier
Over the course of her career, much of the research of University of California, Berkeley economist Ulrike Malmendier has been in the areas of behavioral economics and behavioral corporate finance — looking at the effects of various psychological biases, such as overconfidence, on the decisions of consumers, investors, and executives.