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Gerd Gigerenzer on Gut Feelings

EconTalk

The Importance of Gut Feelings in Decision-Making

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Garrett: I have a natural inclination being trained as a particular kind of economist to be very skeptical of behavioral economics and some of the claims of irrationality. So I'm going to try to fight it, but I find that approach that you've just laid out extremely compelling. It pushes so many of my happy places. He says his wife was affected by Kahneman's book Thinking Fast and Slow because her colleagues had relied on gut feelings.

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