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#548 - Tim Harford - Why Is Thinking Clearly So Difficult?
Modern Wisdom
The Limits of Intuition in Economists
As an economist, as a young economist, I was taught rational choice theory. And this is a good way to understand people's decision making. Of course, people aren't always rational all the time. But it's a great starting point. In fact, I wrote a whole book called The Logic of Life,. Which is all about the different ways in which rational choice theory could be used to understand things like addiction and discrimination - crimes that don't seem to have any logic. They're just human weakness or they're evil things. Some are evil things, but they'reevil things with a logic behind them. So what do you thought to that? So I've changed my mind over the
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