Gerd Gigerenzer on Gut Feelings

EconTalk | 2 December 2019 | 1h 08m | Listen Later | iTunes
Interview with Gerd Gigerenzer about his book Gut Feelings: The Intelligence of the Unconscious. Gigerenzer argues for the power of simple heuristics – rules of thumb – over more complex models when making real-world decisions. He argues that many results in behavioural economics that appear irrational can be understood as sensible ways of coping with complexity.