FT.com / Comment & analysis / Columnists - A closed mind about an open world:
"Over the past 15 years, a group of scholars has finally persuaded economists to believe something non-economists find obvious: “behavioural economics” shows that people do not act as economic theory predicts.
...We rely on heuristics to frame problems but cling to them even when they are contradicted by the facts. Some of these patterns are endearing; the supposedly “irrational” concerns for equality that persist in all but Republicans and the economically trained, for example. But most were simply the mapping of cognitive bias.
...Studying intellectual property and the internet has convinced me that we have another cognitive bias. Call it the openness aversion. We are likely to undervalue the importance, viability and productive power of open systems, open networks and non-proprietary production."
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