2min chapter

The Joe Walker Podcast cover image

Radical Uncertainty - Mervyn King

The Joe Walker Podcast

CHAPTER

The Fundamental Clash in the Great Rationality Debate

Mervin: I don't really see what the key clash is in the great rationality debate. The critique of good Gigeran's school of thought is more like aesthetic it's saying you know you're giving heuristics a bad name people can't be that dumb, Mervin says. He thinks behavioral economics still identifies rational behavior with optimizing behavior maximizing expected utility and any deviation from that is regarded as a bias a human bias which in somehow is weak or we ought to try and find ways of correcting for it.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode