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EPISODE · Jul 6, 2023 · 54 MIN

How irrational are we?

from Chicago Booth Review Podcast

Academic models often built on the assumption of how rational utility-maximising individuals would behave. But as behavioral scientists have long pointed out, real people don't actually behave that way. Does that mean that we behave irrationally, and if so why? Or is our behavior actually more rational than it may appear? In this special episode, we present Chicago Booth's Richard Thaler, an economics Nobel laureate, in conversation with Harvard's Steven Pinker.

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How irrational are we?

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How long is this episode of Chicago Booth Review Podcast?

This episode is 54 minutes long.

When was this Chicago Booth Review Podcast episode published?

This episode was published on July 6, 2023.

What is this episode about?

Academic models often built on the assumption of how rational utility-maximising individuals would behave. But as behavioral scientists have long pointed out, real people don't actually behave that way. Does that mean that we behave irrationally,...

Can I download this Chicago Booth Review Podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
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