description Sendhil Mullainathan Overview
Sendhil Mullainathan is an American economist and a 2018 MacArthur Fellow who currently teaches at the Massachusetts Institute of Technology. He is a prominent figure in behavioral economics, researching how cognitive biases and resource deprivation affect human decision-making. He co-authored the 2013 book Scarcity, which explores the psychological and cognitive effects of lacking essential resources like time or money. His work integrates psychology into economic models used to design public policy.
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What is the book 'Scarcity' by Sendhil Mullainathan about?
Co-authored with Eldar Shafir in 2013, 'Scarcity' explores the cognitive effects of resource deprivation. The book demonstrates how lacking money or time creates a scarcity mindset that actually lowers an individual's effective IQ and decision-making ability.
Did Sendhil Mullainathan win a MacArthur Fellowship?
Yes, he was named a MacArthur Fellow in 2018 for his groundbreaking work in behavioral economics. This prestigious genius grant awarded him a substantial fellowship to further his research on cognitive biases.
What is Sendhil Mullainathan known for in behavioral economics?
He is widely recognized for applying behavioral economics to real-world problems, particularly in health and finance. His research frequently investigates how cognitive biases affect everything from doctor decision-making to algorithmic fairness in lending.
Where does Sendhil Mullainathan work?
He is currently a professor at the Massachusetts Institute of Technology (MIT), having previously taught at Harvard and the University of Chicago Booth School of Business. He also founded the MIT Poverty Action Lab's initiatives regarding behavioral design.
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