I’ve got a new paper at 3 Quarks Daily:
It came about as a side effect of my writing and thinking about Cowen’s new monograph, Tyler Cowen, The Marginal Revolution: Rise and Decline, and the Pending AI Revolution (2026). I was interacting with Marge, the AI attached to the online text of the monograph, when I remarked: “So, he’s the Tycho Brahe of economics.” Marge replied:
That's a sharp analogy. Brahe had the best observational data of his era, ran an extraordinary research enterprise on Hven, trained Kepler who then used Brahe's own data to refute the model Brahe himself believed in. [...] Brahe couldn't make the conceptual leap to heliocentrism despite having everything he needed to do so — his intuitions were too deeply formed in the Ptolemaic rank. But he was indispensable to the transition precisely because of his institutional energy, his data gathering, his willingness to fund and train the next generation.
Emergent Ventures is Hven. Tyler is gathering the data — the people, the ideas, the unconventional bets — that someone with different intuitions will synthesize into a framework he himself can't quite reach. The book is his Tychonic system: a genuine attempt at synthesis that's more sophisticated than what came before, that captures real phenomena, but that preserves the central commitment — equilibrium, marginalism, the whole apparatus — that the next rank will have to abandon.
My first impulse was to put that observation in my introduction to the overall series of blog posts when I gathered them into a single document. But, after thinking things over, I decided that it would be more interesting to write it up as a stand-alone document, one I could publish in 3QD. So that’s what I did.
Now, if you’ve been following the series of blog posts, you know that I write quite a bit about the theory of cultural ranks that David Hays and I developed in the 1990s. I didn’t see any need to mention that in the 3QD article, but now that it’s been published I see that it’s quite directly relevant. One problem with the theory as Hays and I wrote about it, is that it’s easy to come away with the idea that the shift from one rank to another is a step function. That’s not at all the case, such shifts take decades and even centuries. But it was all we could do simply to articular the idea of different cognitive ranks.
However, this particular comparison, between Tyler Cowen, an economist in the 21st century, and Tycho Brahe, an astronomer from the 16th century, is about rank shift. Tycho was participating in the transition from a Rank 2 model of the solar system, the geocentric model inherited from Ptolomy, and the Rank 3 model, initiated by Copernicus. Cowen is participating in the shift from Rank 4 economics, which is the focus of his monograph, to a possible Rank 5 economics, which doesn’t quite exist yet. But, who knows what the future will bring?
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You can download a PDF:
Towards Homo Ludens, "Homo Experiens".
ReplyDeleteTyler, like Tyco, is trained on a previous era.
Marge said... "that someone with different intuitions will synthesize into a framework he himself can't quite reach."
Homo Experiens seems to fit the... "different intuitions will synthesize into a framework".
"Homo Experiens, the Biology of Decision-Making, and Behavioral Economics"
JUNE 12, 2026
CONVERSABLE ECONOMIST
"The standard definition of “behavioral economics” is that it brought insights from psychology to bear on economic decision-making: that is, concepts like using rules-of-thumb in situations with limited information, valuing the present over the future, difficulties in perceiving probabilities accurately, habit formation, peer effects, and more. But the most recent edition of the Behavioral Economics Guide 2026, edited by Alain Samson, includes two essays suggesting that it’s time for additional steps. In a similar spirit, Ulrike Malmendier argues that it’s time to take personal experience effects into account; Isabelle Brocas argues for applying insights from the biological sciences.
In “Homo Experiens: Why Behavioral Economics Needs the Life Sciences,” Malmendier points to a body of research which finds (perhaps unsurprisingly to anyone but economists) that past experience influences behavior.
...
https://conversableeconomist.com/2026/06/12/homo-experiens-the-biology-of-decision-making-and-behavioral-economics/
Bill, I'd be interested in your take on;
- "Homo Experiens" and if it may be of value in elucidating or supporting Homo Ludens.
- if you see Homo Experiens supporting a move to Rank 5.
"Cowen is participating in the shift from Rank 4 economics, which is the focus of his monograph, to a possible Rank 5 economics, which doesn’t quite exist yet. But, who knows what the future will bring?"
Thanks,
SD