How Much Evidence Do We Need?
Lecture no. 14 from the course: Behavioral Economics: When Psychology and Economics Collide
Taught by Professor Scott Huettel | 29 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Study the role of evidence, or “meaningful information,” in decision making and the kinds of mistakes we make with regard to it. Grasp how we tend to overestimate the quality of evidence and to seek evidence that confirms our prior beliefs, and how we can learn to minimize our biases regarding evidence.