David Kreps: Choice, Dynamic Choice, and Behavioral Economics
An economist explains why “rational choice” is sometimes irrational.
Economist David Kreps argues that traditional economic models of “rational decision making” fail to capture the complexity of how real people make important choices.
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Recessions Are Painful, but Stagnant Growth Could Prove More Challenging
Economist John Cochrane talks about inflation, interest rates, and what we get wrong about downturns.
Baby Bust: Could Population Decline Spell the End of Economic Growth?
Economists’ models assume the population will keep expanding forever. But what if it doesn’t?
Studying News Junkies Reveals Insights into Online Reading and Info Bubbles
Where do you get your news? These researchers would like to know about your journalism diet.