The Invisible Hand
Aug 29, 2012 - 00:01:22
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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.
About This Episode
Rational Choice Theory is an episode from 60-Second Adventures in Economics - for iPod/iPhone. Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinfor...
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Published Aug 29, 2012, 00:01:21 long, audio available.
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