Watson offered up a simple truism about feminism that is more powerful than it might sound: “Feminism is about giving women choice.”
Sports are a terrific lens for focusing in on the process of decision-making — they’re almost laboratories for incentives.
When the costs of risky behavior are reduced, people tend to increase the amount of risky behavior they engage in.
Limits to the homo economicus version of rationality are also limits to the explanatory power of some aspects of introductory-level economics. They do not, however, compromise the case for laissez-faire. If anything, they strengthen it.
Free market economists argue that individuals make the best choices for themselves because they are the most aware of their specific preferences. But what happens when people come across decisions where they need specialized knowledge? How do you influence other people’s decisions in this case? In the Learn Liberty video below, Professor Antony Davies and graduate student […]
Doing the research necessary to make good choices can be very time consuming. That’s why, as we learned in the last video, people resort to using heuristics to make better decisions. In the Learn Liberty video below, Professor Antony Davies and graduate student Erika Davies explain how people sometimes rely too heavily on heuristics, which can lead […]