Published Oct 16, 2023

Follow the Anomalies

Behavioral economist Richard Thaler delves into the anomalies of human behavior that defy traditional economic models, highlighting the impact of social norms, cognitive biases, and systematic biases, and demonstrating how these elements revolutionize our understanding of decision-making and behavioral economics.

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Episode Highlights

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Follow the Anomalies

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Uncovering Systematic Bias

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Economic Anomalies

NFL Draft Insights

The Endowment Effect

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Refugee Crisis Relief

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Decoding Everyday Choices

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Sunk Cost Fallacy

Behavioral Economics Experiments

Social Norms Impact

Episode Highlights

Social Norms

Decision-Making

Systematic Bias

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Follow the Anomalies

Topics covered

Popular Clips

Episode Highlights

Social NormsBehavioral economist Richard Thaler explores how social norms and cognitive biases influence economic decision-making, challenging traditional models. He highlights the endowment effect and mental accounting as key factors that shape our choices.

Social Norms

Decision-MakingBehavioral economist Richard Thaler examines the psychological influences on everyday decision-making, challenging the notion of purely rational economic models. His experiments reveal the complexities of human behavior, leading to significant advancements in behavioral economics.

Decision-Making

Systematic BiasRichard Thaler, a pioneering behavioral economist, shares how anomalies in human behavior reveal systematic biases that challenge traditional economic models. He discusses the origins of behavioral economics and the hidden patterns that deviate from classical theories.

Systematic Bias

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