You should not play down psychologists’ ability to turn out nifty Power Point slides. More seriously, I see much more collaboration than competition between psychologists and economists in the domain of policy, and my only quibble is with the label. I would like them all, when they collaborate, to call themselves behavioral scientists. The synergy is evident in policy books such as Cass Sunstein’s Simpler and the forthcoming Scarcity: Why Having Too Little Means So Much, by Sendhil Mullainathan and Eldar Shafir which deals with both the economics and the psychology of poverty.

Ref: http://www.thedailybeast.com/articles/2013/04/26/daniel-kahneman-s-gripe-with-behavioral-economics.html

You should not play down psychologists’ ability to turn out nifty Power Point slides. More seriously, I see much more collaboration than competition between psychologists and economists in the domain of policy, and my only quibble is with the label. I would like them all, when they collaborate, to call themselves behavioral scientists. The synergy is evident in policy books such as Cass Sunstein’s Simpler and the forthcoming Scarcity: Why Having Too Little Means So Much, by Sendhil Mullainathan and Eldar Shafir which deals with both the economics and the psychology of poverty.

Ref: http://www.thedailybeast.com/articles/2013/04/26/daniel-kahneman-s-gripe-with-behavioral-economics.html

Kahneman had a bachelor’s degree in psychology and had read a book, Clinical vs. Statistical Prediction: A Theoretical Analysis and a Review of the Evidence by Paul Meehl, published only a year earlier. Meehl was an American psychologist who studied the successes and failures of predictions in many different settings. He found overwhelming evidence for a disturbing conclusion. Predictions based on simple statistical scoring were generally more accurate than predictions based on expert judgment.

Ref: http://www.nybooks.com/articles/2011/12/22/how-dispel-your-illusions/