David Kreps: Choice, Dynamic Choice, and Behavioral Economics
An economist explains why “rational choice” is sometimes irrational.
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Investors know the risks of making financial mistakes as they get older, but also want to oversee their money for as long as possible.
Economist John Cochrane talks about inflation, interest rates, and what we get wrong about downturns.
Economists’ models assume the population will keep expanding forever. But what if it doesn’t?