Alex Imas and Richard Thaler on Learning Behavioral Economics
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In a recent episode of the Masters in Business podcast, Barry interviews renowned economists Richard Thaler and Alex Imas, co-authors of 'The Winner's Curse: Behavioral Economics Anomalies'. They delve into the psychological aspects of spending behavior at auctions and the implications of NFL draft picks on team expenditures. The discussion highlights various human behavioral anomalies that challenge traditional economic theories.
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📚Bağlam ve Tarihsel Perspektif
Behavioral economics has gained traction as a field that combines psychological insights with economic theory, challenging the notion that humans always act rationally in their financial decisions. The podcast serves as a platform to discuss these evolving ideas and their practical implications in various sectors, including sports and auctions.
This summary is based on a podcast discussion and may not reflect the full scope of the economists' work.
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