A group of scientists called behavioral economists are challenging the leading economic philosophy that when it comes to money, people are highly rational. They believe instead that the human mind behaves irrationally when making decisions about money. Explore their research with your students.
Mind Over Money (Video)
Compare the 200-year-old model of rational economics with the new ideas of behavioral economics. (Chapters 1-3, approx. 18 min.)
The Deciding Factor (Podcast)
Learn about a new study at Harvard that is exploring how emotions affect our decisions. (5:19 min.)
The Disposition Effect (Article)
Find out why David Adler, producer of "Mind Over Money," thinks you shouldn't trust your gut when trading stocks.