Rational Choice Theory

60-Second Adventures in Economics - for iPad/Mac/PC

English - August 29, 2012 07:49 - 1 minute - 16.5 MB Video - ★★★★★ - 12 ratings
Courses Education economics keynes david mitchell hayek friedman adam smith inflation trade markets exchange rates Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

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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.