August 9, 2017

"Rationality after Behavioral Economics" with Mario Rizzo

The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.

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In a world of uncertainty, how does a hierarchical application of rules facilitate decision making? On this episode of the Hayek Program Podcast, Mario Rizzo explains how the recognition of environmental structure and human limitations lead us to a broader concept of rationality in comparison to the standard neoclassical view.