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AI-PoweredAward-winning economists Richard Thaler and Alex Imas discuss behavioral economics anomalies and how they challenge classical economic theories, highlighting the psychology of spending at auctions and the effects of draft picks on NFL team spending.
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Article Context
Barry speaks with Richard Thaler and Alex Imas award winning economists and co-authors of "The Winner's Curse: Behavioral Economics Anomalies". They discuss the psychology of spending at auctions, and the effects of draft picks on NFL team spending. They also discuss the anomalies of human behavior and decision making that challenge classical economic theories. (Source: Bloomberg)
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