Randomness and Patterns
Lecture no. 13 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
Here, look into the nature of randomness—situations in which we can’t predict the future from the past—and why it matters for decision making. Study how our brains automatically look for patterns and structure, often “seeing” patterns whether they are present or not, and learn ways to counteract this tendency.