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Michael Lewis On How Behavioural Economics Changed The World

Intelligence Squared

Is the Backstory in Israel a Part of the Field of Behavioral Economics?

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Danny Kahneman and Amos Tversky had their own harrowing family experiences. They were surrounded by war in Israel and the threat of war, that they look at some of these things differently when actually economists are often have done elaborate experiments. One of the insights of behavioral economics is that you think very differently about avoiding a loss or suffering a loss.

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