Gerd Gigerenzer on Gut Feelings
Podcast: EconTalkPublished On: Mon Dec 02 2019
Description: Psychologist and author Gerd Gigerenzer of the Max Planck Institute for Human Development talks about his book Gut Feelings with EconTalk host Russ Roberts. Gigerenzer argues for the power of simple heuristics--rules of thumb--over more complex models when making real-world decisions. He argues that many results in behavioral economics that appear irrational can be understood as sensible ways of coping with complexity.
The note was deleted
The note was saved
Your message was sent