Behavioral Economics, Ep. 1: How and Why the Economy Works in 3 Minutes – Learn Liberty

from Learn Liberty

How and why the economy works… in 3 minutes. Learn More:

At some point in our distant past, a human who had food met another who had a spear. The two exchanged, and departed better off than when they met. Simple as it sounds, a highly evolved version of this concept is the reason we have planes, computers, and the internet today. Professor Anthony Davies of Duquesne University and Erika Davies of George Mason University explain.


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Behavioral Economics (playlist): Heuristics, cognitive biases, public choice– oh my! Watch the entire series to learn more about behavioral economics at
Predictably Irrational (book): From drinking coffee to losing weight, from buying a car to choosing a romantic partner, we consistently overpay, underestimate, and procrastinate. Yet these misguided behaviors are neither random nor senseless. They’re systematic and predictable—making us predictably irrational.…

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