
How Richard Thaler changed Economics
More or Less: Behind the Stats
00:00
The Coin Toss Dilemma
Explore the dynamics of risk aversion and decision-making through a coin toss thought experiment, discussing the concept of taking bets with favorable odds and the implications on overall outcomes. Delve into economics puzzles, investment strategies, and celebrate the Nobel Memorial Prize in Economics recipient, Richard Thaler.
Transcript
Play full episode