Why do we make choices that defy economic logic?
In short: We often bypass the best possible outcomes in favor of intuitive shortcuts. This video explores whether our irrationality stems from mathematical incompetence or a deeper psychological mechanism.
Sara Garofalo examines the concept of heuristics—problem-solving approaches that rely on intuition and past experience rather than rigorous analysis. The video investigates whether our tendency to deviate from purely rational, economic decision-making is simply a failure to calculate odds, or if there is a structured psychological process at play.
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- Summary by Intellect · source: The psychology behind irrational decisions - Sara Garofalo
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