Tendencies of irrational behavior

Economics and finance are slowly coming to grips with the fact that human beings are simply not rational. The boom-bust cycle that we are now living gives us a front row seat to that irrationality.

Below is a video by Dan Ariely that is not about market irrationality specifically, but human irrationality more broadly. Ariely gives a wonderful demonstration of how the human mind works– and it is not at all the way Economics textbooks would have you believe.

Economics and finance are slowly coming to grips with the fact that human beings are simply not rational. The boom-bust cycle that we are now living gives us a front row seat to that irrationality.Below is a video by Dan Ariely that is not about market irrationality specifically, but human irrationality more broadly. Ariely gives a wonderful demonstration of how the human mind works-- and it is not at all the way Economics textbooks would have you believe.
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