Tag Archives: economics

How do smart people make smart decisions? | Gerd Gigerenzer | TEDxNorrköping

Translator: Ivana Krivokuća Reviewer: Carlos Arturo Morales How to make good decisions? If you open a book on rational choice, you will likely read the following message: look before you leap, analyze before you act. List all alternatives, all the consequences, and estimate the utilities and do the calculation. This is a beautiful mathematical scheme, …

Income and Wealth Inequality: Crash Course Economics #17

Jacob: Welcome to Crash Course Economics, I’m Jacob Clifford… Adriene: …and I’m Adriene Hill. The world is full of inequality. There’s racial inequality, gender inequality, health, education, political inequality, and of course, economic inequality. Some people are rich, and some people are poor, and it can seem pretty impossible to fix. Jacob: Well, maybe not. …