Irrational Behavioral Economics: Predicting the Unpredictable

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Irrational Behavioral Economics: Predicting the Unpredictable

By: Naven Johnson

Narrated by: C. R. Tanner

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Do we always make rational choices? In other words: Are all human’s homo economicus? Certainly not. But this was not so obvious until the beginning of XX century, when the behavioral economics was developed. Behavioral economics is a group of concepts which put into question the rational character of people’s financial decisions.

Naven JohnsonC. R. TannerNaven Johnson

Economics

Theory

Economic Conditions