The Ellsberg Paradox is an early and important anomaly involving risky decisions. It was an inspiration for what’s now known as behavioral economics. I taught it for years before I learned that the author was the same Daniel Ellsberg who leaked the Pentagon Papers to the NYT in 1971. It was from his dissertation, and has 4178 google cites. Ellsberg – now 79 – is a supporter of Bradley Manning, of Wikileaks. Manning’s statement at his secret military trial, with life in prison as the stakes, was secretly recorded and is illegally posted here. 3/13/2013.
Behavioral economics, risky business, questionable decisions and integrity. What do they have in common? Everything. It used to be known as “doing the right thing”, but we’ve mostly lost our compass. Long live the Ellsberg Paradox.
Dog wonders
Did we ever have a compass?
You are a force of nature, but nature has no mercy. Stop picking schoolyard fights and focus on the fight for the soul of the institution. It’s never been more in play. Protect her commitment to excellence, caring and justice. Get your ass down up to Salem.
The fight for Bradley Manning IS the fight for university excellence.
Let us now praise famous men.