THOU SHALT NOT BEAR FALSE WITNESS.

I've suspected that some of the popularity of behavioral economics is more about its value to people who fancy themselves Our Intellectual Betters having an Argument from Authority to Boss The Deplorables Around, than about any startling insights about economic behavior.  "We thus have intellectually challenging reading, and a different look at human interaction, but not necessarily a manifesto for the undoing of neoclassical economics."

Now comes evidence that the experiments supposedly uncovering the predictably irrational behavior are not valid.  That's got Margaret "University Diaries" Soltan on the case.  "[Highly decorated behavioral economics scholar Dan] Ariely is also up against his field’s now-notorious 'replication crisis' — a nice way of saying that SCADS of psychological experimental results sure look a whole lot like bullshit. Go here for details."  Michael "Kids Prefer Cheese" Munger has more.  "To be fair, Nassim Taleb and a few others have been very critical for a long time. But the collapse of house of behavioral cards is still pretty dramatic."  As a manifesto, it was so much yellow mustard.  "Its interventions are surprisingly weak in practice."