November 25th, 2014
Episode 62 of 478 episodes
It’s the love child of economics and psychology – behavioural economics. It tries to explain people’s rational, or better irrational, behaviour when it comes to financial decision-making and consumption patterns. On Big Ideas, two experts outline the main lessons of behavioural economics and discuss the ways that it has affected policymaking in Australia. Could it be the key for better policies in the future?