Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

Send feedback

What is it?
Screenshots, up to 3 (optional)
or paste one with Ctrl+V

We use your email only to reply to you.

Explaining Social Behavior

Explaining Social Behavior

Jon Elster
2007
T3 490 pages · about 8h 10m to read Open Librarygoodreads

Elster on mechanisms rather than laws in the social sciences

Summary

Elster's book is a graduate-level statement of how social science explanation should work. His central position is that the social sciences have laws that are too weak to be useful and that the proper unit of explanation is the mechanism, meaning a frequently occurring and easily recognisable causal pattern that is triggered under generally unknown conditions and with indeterminate consequences.

He builds up from the individual: desires, beliefs, emotions, and the ways each is formed and distorted. He covers rational choice theory carefully and then sets out its limits, arguing that rationality is often indeterminate because the agent cannot know what information to gather, and that people frequently act on norms, emotions or self-deception instead. His treatment of emotions is unusually detailed for a methodology book, and he insists that emotions have cognitive antecedents and behavioural consequences that can be specified. The later sections cover interaction, collective action, aggregation, social norms and institutions.

Elster is severe about the state of his own field. He attacks what he calls soft obscurantism in interpretive social science and hard obscurantism in formal modelling and rational choice, arguing that a great deal of published work in economics and political science consists of models whose assumptions are chosen for tractability and whose conclusions are unfalsifiable. For investors and operators the useful content is the mechanism approach, which is a disciplined way of explaining behaviour without pretending to predict it, and the catalogue of specific mechanisms. The book is dense and demanding, and Elster's judgements about entire literatures are stated more forcefully than he defends them.

Key takeaways 7

  1. Social science can identify mechanisms but cannot produce laws, so explanation should aim at understanding what happened rather than predicting what will.
  2. A mechanism is a recognisable causal pattern whose triggering conditions and consequences are not known in advance, which is why several opposed mechanisms can each be valid.
  3. Rational choice explanation frequently fails because rationality is indeterminate, since the agent cannot rationally decide how much information to gather before deciding.
  4. Emotions have identifiable cognitive causes and behavioural effects and belong inside social science explanation rather than outside it.
  5. Social norms operate independently of outcomes and are sustained by the emotions of shame and contempt rather than by any calculation of benefit.
  6. Much formal modelling in economics and political science chooses assumptions for mathematical tractability and produces conclusions that cannot be tested.
  7. Explanation requires specifying the individual-level mechanism, since aggregate correlations without a mechanism do not explain anything.

Who should read it

Investors and analysts who want a rigorous account of what social science explanation can deliver, and a working vocabulary of behavioural mechanisms.

Who recommended it 2 · 1 direct

Similar books 6

Chosen by shared topics, the entries that hold them, and the people who recommended both.

Steven D. Levitt, Stephen D. Levitt, Stephen J. Dubner · 2005

Incentives and data applied to cheating teachers, sumo wrestlers and other puzzles.

Steven D. Levitt, Stephen J. Dubner · 2009

Sequel applying incentive analysis to climate, crime and altruism

“I recommend this book to anyone who reads nonfiction. It is very well written and full of great insights.” — Bill Gates

Source: Gates Notes review of SuperFreakonomics

Recommended by: Bill Gates, Mohnish Pabrai

Sudhir Venkatesh · 2008

Sociologist embedded with a gang; an informal economy's incentive structure

Peter Kennedy · 1998

What each econometric technique is for, what it assumes and what goes wrong.

Recommended by: Nassim Nicholas Taleb

John Allen Paulos · 2003

A mathematician's own losses used to explain market probability errors

Recommended by: Mohnish Pabrai

Daniel H. Pink · 2009

Rewards work for routine tasks; creative work runs on autonomy, mastery and purpose.

“In his excellent book, Drive, Dan Pink distinguishes between algorithmic tasks and heuristic tasks.” — Michael Mauboussin

Source: Blaming the Rat: Incentives, Motivation, and How They Interact (Legg Mason Capital Management)

Recommended by: Michael Mauboussin, Mohnish Pabrai and 3 others

Where it sits in the reference 2

Mental models
Mental models

Topics

Sociology and CulturePhilosophyPhilosophy of science and mindSocial behaviour and collective action