Arationality vs. Irrationality: What's the difference?
This video describes the difference between arationality and irrationality in behavioral economics. I give examples of each. I relate these to System I and System II from Daniel Kahneman's Thinking Fast and Slow and briefly show how economists approach modelling the two.
Watch video Arationality vs. Irrationality: What's the difference? online without registration, duration hours minute second in high quality. This video was added by user Ashley Hodgson 22 June 2020, don't forget to share it with your friends and acquaintances, it has been viewed on our site 3,05 once and liked it 12 people.