Behavioral Economics: The Failure of Contingent Thinking
- Author
- UCTV: UC Santa Barbara
- Published
- Wed 23 Oct 2019
- Episode Link
- https://www.uctv.tv/shows/35174
Rational choice theory states that individuals have coherent preferences over alternatives but this theory is being replaced by a new view rooted in psychology. Ignacio Esponda (Economics, UCSB) gives examples of economic experiments and contingent thinking. Series: "GRIT Talks" [Public Affairs] [Education] [Show ID: 35174]
