Humans are irrational beings. Choices differ from person to person, and even from lab experiments to the real world. So, with all that differentiation, how can economists expect to understand how market forces will impact the decisions that individuals make? It turns out that most individuals go about making decisions the same way, but the results of these decisions vary wildly. Understanding and predicting those priorities, though, is a different story. Find out why with Nobel economists Gary Becker and Ronal Coase in the latest episode of the Free To Choose Media Podcast, Consumer Behavior.
Today’s podcast is “How to Stay Free,” volume ten of the ten-part public television series Free To Choose. Democracies have only recently been considered...
This 2006 conversation is the ninth of eleven conversations with former Secretary of State George P. Shultz and features former Stanford University Hoover Institution...
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