Kahneman, A Rational Appreciation | Libertarian: Richard Epstein | Hoover Institution

Richard Epstein, an expert in behavioral economics, discusses the debate between Kahneman's research and rational-choice models. They explore anomalies in human behavior, rational strategies for retirement savings, and the impact of cognitive biases in decision-making. The conversation extends to government intervention in markets, the role of competition in mitigating mistakes, and the importance of recognizing biases in business contexts.