NOVA Season 37 Episode 9 aired Mar 30, 2010
This program does rings around Michael Moore's economic claptrap. We get solid and rational explanations of how economics works or does not. We reach back into history and view 1920 and further back to the price of tulips. Then, soon, we need to look forward.
We cover many aspects of rational vs. emotional economics. Some are displayed in the real world. Others are in university tests. The university tests show all kinds of irrational choices based on emotions and unrelated numerical influences.
Pick your camp.
Rationalists know the efficient market hypothesis.
Emotionalists’ criticism and control emotions that create bubbles regardless of being part of their markets.
Derivatives explained.
Why can the mind misfire when money is involved?
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