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What Is a Good Decision?

Lecture no. 1 from the course: Behavioral Economics: When Psychology and Economics Collide

What Is a Good Decision?

Taught by Professor Scott Huettel | 32 min | Categories: The Great Courses Plus Online Economics & Finance Courses

Begin by examining “rational choice” models of decision making from traditional economics, which assume consistent, foresighted, and self-interested decision makers. Then consider how this concept fails to explain many human decisions that appear counterintuitive or paradoxical. Identify two fundamental limitations that challenge our decision-making process.

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d********m
October 27, 2016

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z********m
March 9, 2016

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y********a
February 6, 2016
This introduction dims my respect for the rest of the content of this series. It's overtly shallow and does not include specific diagrams for comparing the examples presented.

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