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#8 Research has shown that people have a hard time making correct decisions (being rational) on...

#8

Research has shown that people have a hard time making correct decisions (being rational) on even simple things.

a) whats going on in the brain?

b) What are the heuristics as discussed in this course? give some examples discussing how they work and how they lead us astray.

c) why is the systematic incorrectness of heuristics interesting to economists?

d) if people cannot easily be rational, how can we perhaps nudge them into the right behavior, without big, intrusive government policies? give examples.

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