Nobel Prize and possible implications for mountaineering ...

I have no idea whether there is any connection between behavioral economics and climbing.  However, behavioral economics is what Thaler won the Nobel Prize for, and after reading a short essay about how Thaler applied his work to football, basketball, and baseball decisions,  I assumed there is much to be gleaned from his work about the high stakes decisions we make in our sport. (I hope to return to this in the future.) 

Short, but very engaging essay about Thaler's work ...

http://www.nytimes.com/2003/07/30/sports/caution-is-costly-scholars-say.html


Here is another interesting article, about a similar line of research directly connected to climbing ...

https://www.outsideonline.com/2245016/what-climbers-decison-making-tells-us