…Ridiculous Ep. 1: Beyond Anomalies

For decades, neoclassical economists clung to the belief that humans are rational decision-makers, but a daring group of social scientists dared to question this notion. Join us as we explore their pioneering work, from the revolutionary concept of bounded rationality to the eye-opening Cab Driver Study. Through meticulous observations and rigorous analysis, these trailblazers shattered the status quo, ushering in a new era of economic thought.

Discover how real-world scenarios defied the rationality assumption, from the baffling fluctuations in stock market behavior to the surprising insights gleaned from everyday decision-making. As we unravel the complexities of economic behavior, we invite you to join us on a radical journey of discovery and transformation. Together, let’s challenge traditional notions, advocate for a more nuanced understanding of human behavior, and pave the way for a brighter future in economics and beyond. This is more than just a podcast—it’s a revolution.


  • Are humans really rational decision makers?
  • The radical concept of bounded rationality
  • The surprising ways in which workers don’t optimize their earnings
  • How the stock market defies pure rationality

Thanks to guests whose voices you heard, including Richard Thaler, Colin Camerer, Richard Nisbett, Liam Delaney, Linda Babcock, and George Loewenstein

© 2024 Behavioral Grooves

AIRDATE: February 26, 2024 EPISODE 398

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…Ridiculous Ep. 1: Beyond Anomalies

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Behavioral Grooves and Opinion Science


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