Rational Preferences Explored
Economists often view preferences as rational, characterized by completeness and transitivity, enabling individuals to make clear choices between alternatives. This perspective raises intriguing questions about the motivations behind our decisions, suggesting that even seemingly altruistic actions can be interpreted through a lens of self-interest. The conversation delves into the complexities of how preferences shape our understanding of morality and rationality in economics.In this clip
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EconTalk
Michael Munger on Desires, Morality, and Self-Interest
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