Is the Price Right? Two Nobel Laureates Debate How Markets Work
Chicago Booth Review Podcast
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The Behavior Approach to Economics
Dick Taylor: "I believe the rational model, and I think a lot of people screw it up" He says we can build richer models with better predictive power if we include how people actually behave. The so-called econs that are as smart as Kevin Murphy have no self-control problems, he adds. Dick Taylor: There won't be a new overarching theory. We've got one. Just happens to be wrong.
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