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David Kreps: Choice, Dynamic Choice, and Behavioral Economics
Economics
Written

David Kreps: Choice, Dynamic Choice, and Behavioral Economics

An economist explains why “rational choice” is sometimes irrational.
March 27, 2015|by Stanford Graduate School of Business

Economist David Kreps argues that traditional economic models of “rational decision making” fail to capture the complexity of how real people make important choices.

David Kreps video

Economics
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