Radical Uncertainty - Mervyn King
The Joe Walker Podcast
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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.
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