Misbehaving: Decoding Our Predictable Irrationality
Nobel laureate Richard Thaler's 'Misbehaving' reveals the predictable psychological biases that shape our economic decisions. This episode explores how understanding our inherent irrationality, from the endowment effect to mental accounting, can lead to better personal choices and public policy.
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behavioral economics, bias, decision making
Listeners seeking to sharpen their judgment on human behavior and economic choices will find a powerful framework here, revealing how predictable psychological biases drive decisions in markets, policies, and personal finance, enabling a more sophisticated understanding of the world.
Richard Thaler, a Nobel laureate, fundamentally reshaped economic thought by integrating human psychology, offering the definitive lens for understanding the predictable biases that drive our decisions and markets.