We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Rational choice

9 Oct 2017 By Swaha Pattanaik

Richard Thaler won the award for showing how people don’t always behave rationally to maximise a narrow concept of well-being. His insights forced economics to confront its shaky tenets. They are less useful for building new theories of how economies and markets actually work.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)