by Aaron Jonas Stutz

- The French economist–and newly announced Nobel laureate–Jean Tirole has illuminated the possibilities and limits of financial regulation of very large, powerful firms. (Image links to the Royal Swedish Academy of Sciences popular publication on Tirole’s work.)
The first and last Nobel prizes to be announced each year–Medicine/Physiology and Economics–are the ones most immediately relevant for biocultural anthropological research. (And to the extent that human behavioral decisions and aggregate behavior patterns are shaped and constrained by human biological life-history patterns, I would argue that the kind of pioneering behavioral and life-history work carried out by anthropologists Kristen Hawkes, Kim Hill, Hillard Kaplan and others would merit consideration in either prize category. In any case …) I have already posted about the medicine/physiology award-winning research, which is on a complex but important topic: dynamic proprioceptive embodied feedback with neural mapping of the immediate spatial environment.
Early last week, the Swedish Riksbank’s Economics Prize in Memory of Alfred Nobel was awarded to the French economist Jean Tirole. And Tirole’s work addresses contemporary, large-scale institutional manifestations of a very general problem in human social life: how multiple or enduring conflicts of interests are often aggravated by one powerful party, whose decisions (usually unintentionally) create perverse incentives for other parties, both powerful and weak. As we will see, the issue of perverse incentives–when considered from a biocultural evolutionary perspective–is even deeper than you might expect. Continue reading A Nobel Prize for Understanding Perverse Incentives



