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Watch the following interview: Economics Nobel winner Thaler shed light on how real people behave. (Links to an external site.)Links to an external site.
Do you fall in line with the more traditional “Econs” believing that people are rational and that markets are efficient or do you fall more in line with behavioral economists and believe that markets may not be as efficient as once believed because people act in irrational ways? Please discuss why you fall where you do.