The Story of Rational Action

Every wonder how it came to pass that a global economic system was put in place that is so harmful to human well-being? In this video, I share the historic origins of rational choice theory (also known as the theory of rational action) and describe how cognitive science ultimately revealed its prejudices. Hope this is helpful to you!

You can learn more about the applications of cognitive science to political, economic, and philosophical issues at http://www.cognitivepolicyworks.com.

(Oh and please forgive my mis-statement about the law of commutativity 6 minutes 30 seconds in... I meant to say that if preference for A is greater than B then preference for B cannot be greater than A. Psychology research in the 70's showed that this math rule is violated by framing and priming effects.)

Category:

Education

Tags:

• rational action
• rational choice
• economic theory
• cognitive science
• RAND Corporation
• psychology

[Zaxomio]

this was really awesome and very intresting