Exploring the Intersection of Economics and Psychology

This chapter delves into the relationship between economics and psychology, questioning whether economists should study psychology more. It discusses the use of incentives in education, particularly in paying students for academic performance, and examines the impact of introducing external rewards on intrinsic motivations. The conversation also covers evolving preferences in media consumption, the importance of being critical in choosing books and movies, and the effectiveness of learning through open-ended problems for deep understanding.