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Behavioral Economics: The Failure of Contingent Thinking
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]
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By UCTVRational 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]