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Irrational Humans: How Our Behaviour Shapes the Economy (Professor Richard Thaler)
How do human choices, biases, and behaviours shape our economy? This week Amol speaks to Nobel Prize winning behavioural economist Professor Richard Thaler about his theories that dive into the patterns behind our decision-making and reveal why humans aren’t always as rational as we like to think.
From overconfidence and the lure of winning at any cost, to the hidden costs of risk-taking and the psychology of incentives, his research shows why individuals and markets sometimes make surprising — or even seemingly irrational — choices.
By unpacking the experiments described in his book The…
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