Rational Choice Theory

Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinformed choices can frustrate policy design.

An episode of the 60-Second Adventures in Economics - for iPod/iPhone podcast, hosted by The Open University, titled "Rational Choice Theory" was published on August 29, 2012 and runs 1 minutes.

August 29, 2012 ·1m · 60-Second Adventures in Economics - for iPod/iPhone

0:00 / 0:00

Summary

Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinformed choices can frustrate policy design.

Episode Description

Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinformed choices can frustrate policy design.

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