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Robert Harris Frank (born January 2, 1939)[1][2] is the Henrietta Johnson Louis Professor of Management and a professor of economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University. He contributes to the "Economic View" column, which appears every fifth Sunday in The New York Times. Frank has published How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) on the topic of wealth inequality in the United States.[3]
Born in Coral Gables, Florida, in either 1939 or 1945. Frank graduated from Coral Gables High School in 1962.[1][4] Frank received a B.S. in mathematics from the Georgia Institute of Technology in 1966, M.A. in statistics from the University of How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) California, Berkeley in 1971, and Ph.D. in economics from UC Berkeley in 1972.[5][6] Until 2001, he was the Goldwin Smith Professor of Economics, Ethics, and Public Policy in the Cornell University College of Arts and Sciences. For the 2008–09 academic year, Frank was a visiting professor at the New York How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) University Stern School of Business.[1]
Frank has also been a
Peace Corps volunteer in rural Nepal, the chief economist for the Civil Aeronautics Board, a fellow at the Center for Advanced Study in the Behavioral Sciences (1992 to 1993), and a Professor of American Civilization at École des hautes études How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) en sciences sociales in Paris (2000–01).[1]
In 2008, Frank received an honorary doctorate in Economics from the University of St. Gallen[7]
This theory is an analytical examination of the socioeconomic concept of keeping up with the Joneses and conspicuous consumption. His book Choosing the Right Pond discusses the importance of How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) status, and how much people pay for status. Frank argues that the race for status is bad for society as a whole, as there cannot be improvement in overall status available, because every time person A rises above person B, the sum of their status remains the same. The only How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) thing that changes is which person is where in the hierarchy.
He reasons that this race for status explains partly
why increases in wealth do not increase well-being, or do not increase it much. According to Frank, if most earnings are spent on pursuing status, there will not be much How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) improvement in intrinsic quality of life.
In his book The Winner-Take-All Society, he discusses the contemporary trend toward concentration of wealth. He argues that more and more of the current economy and other institutions are moving toward a state where very few winners take very much, while the rest are How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) left with little. He attributes this, in part, to the modern structure of markets and technology.
In various economic papers and in the book Passions Within Reason, he discusses the idea that emotions have important roles in decision making and personal interactions, even when they seem to be irrational. For How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) example, the emotions of love give more value to long term romantic commitment. A "rational" person would dump his partner as soon as he found a better partnership. Emotional attachment
gives more long term meaning to the relationship. Put poetically: "Those sensible about love are incapable of it." Similarly, How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) anger can be used as a precommitment device. Frank states that envy can be useful in that it enforces more fair distributions. By acting "irrationally" when treated unfairly, a person can obtain better results in situations which resemble the ultimatum game if their opponent anticipates their emotional response and adjusts How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) their strategy accordingly.
Frank, Gilovich, and Regan (1993) conducted an experimental study of the prisoner's dilemma. The subjects were students in their first and final years of undergraduate economics, and undergraduates in other disciplines. Subjects were paired, placed in a typical game scenario, then asked to choose either to "cooperate" How to Shoot Like a Navy SEAL: Combat Marksmanship Fundamentals (English Edition) or to "defect". Pairs of subjects were told that if they both chose "defect" the payoff for each would be 1. If both cooperated, the payoff for each would be 2. If one defected and the other cooperated, the payoff
would be 3 for the defector and 0 for the How to Shoot Like a Navy SEA
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