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Tim Harford writes: Economists must get more in touch with our feelings

Fund managers missed a trick by taking refuge in cash

©The Financial Times Limited 2020 Aug 5, 2022 / 03:17 PM IST
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Tim Harford writes: Economists must get more in touch with our feelings

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Tim Harford Feelings matter. That is obvious enough. Less obvious is what social scientists and policy wonks should do about it. I’ve written many times about efforts to measure happiness, but such efforts have delivered insights that sometimes seem underwhelming. It turns out that people are less satisfied with their lives when they are in poor health or unemployed or their marriages are falling apart. These are hardly revolutionary counterintuitions. A common question to measure wellbeing is simply to ask people to...

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