How economists think differently from other humans
Clip: 6/25/2015 | 8m 34s
How economists think differently from other humans
In economics, a theory has long prevailed that markets are based on people making rational choices. But behavioral economist Richard Thaler is seeking to prove that there is far more randomness to our financial decisions. Economics correspondent Paul Solman talks to Thaler to find out why we buy and to discuss Thaler’s new book, “Misbehaving.”
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
How economists think differently from other humans
Clip: 6/25/2015 | 8m 34s
In economics, a theory has long prevailed that markets are based on people making rational choices. But behavioral economist Richard Thaler is seeking to prove that there is far more randomness to our financial decisions. Economics correspondent Paul Solman talks to Thaler to find out why we buy and to discuss Thaler’s new book, “Misbehaving.”
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...