Incentives and Optimal Choice
Lecture no. 4 from the course: Thinking like an Economist: A Guide to Rational Decision Making
Taught by Professor Randall Bartlett | 31 min | Categories: The Great Courses Plus Online Economics & Finance Courses
How do economists think about the rights and rules that govern human interactions? Using real-life examples and classic problems like the Prisoner's Dilemma, plunge into questions of ownership, trade, and compensation and how ideas like incentives and responsibilities are intimately connected to them.