2min chapter

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Rational Minds Part 3: Rethinking Bubbles - Vernon Smith

The Joe Walker Podcast

CHAPTER

The Importance of Rationality in Economics

Vernon Smith is the father of experimental economics. He spent a career generating and studying bubbles in his lab. In 2002, he shared the Nobel Prize in economics with Daniel Kahneman. Vernon was 93 years old when we recorded this conversation.

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