AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Revolutionizing Economics: From Rationality to Irrationality
Exploring the birth of behavioral economics as a challenge to traditional economic thinking, the chapter discusses the collaboration between economists and psychologists in revealing human irrationality. It follows the journey of researchers like Richard Thaler, Matt Rabin, Danny Kahneman, and Amos Tversky as they shake up the status quo and face resistance in mainstream economic circles.