The psychology behind irrational decisions - Sara Garofalo

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Examines cognitive biases underlying irrational economic and personal decisions (anchoring, sunk-cost fallacy, etc.). Educational behavioral economics and psychology.

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A 5-minute video from TED-Ed: “The psychology behind irrational decisions - Sara Garofalo”.

Video by TED-Ed, played through YouTube's embedded player.

Part of Groundbreaking ideas and achievements of the Nobel Prize, New TED-Ed Originals