Why Rational People Make Irrational Choices | Alex Imas
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Welcome to Behavioral Grooves. I'm Kurt Nelson. In this episode, we're diving into one of behavioral economics' most head-scratching problems. Why smart people like Tim keep making predictably bad decisions. And I'm Tim Houlihan, I'm the guy that uh continuously makes predictably bad decisions.
And I have to admit, that is the question that we've often asked ourselves, uh, certainly I've asked myself, about smart people that we both know. Yeah, you and me both them. And I think in the first two minutes of our interview today, it proves that we are not immune to making all sorts of inconsistent, irrational, not in our best self-interest choices. Wouldn't you agree?
I it's not just you, Tim. It's me too. No, I I think it's more you though, actually. I'm operating I'm I'm operating at peak rationality today. Yeah.
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