A light hearted exploration of Behavioural Economics
Monday, 1 October 2012
Turn it up to 11
A problem for economists who think that people are rational is that we are sometimes influenced by things that we really shouldn't be. Much thanks to the friend who recently showed me this clip from the comedy Spinal Tap which parodies human irrationality:
Ah but have you ever noticed that all the BBC players (iPlayer etc) go up to 11 (and always have)...someone there has a sense of humour
ReplyDeleteGood observation!
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