Friday, June 12, 2009

Daniel Kahneman on Behavioral Economics

Dr. Daniel Kahneman is a professor of Psychology at Princeton University. He is one of the few psychologhists who received nobel prize for economics. He questioned the assumption of rationality behind the human decision making process. He also showed that human decisions are not rational.

He is the speaker at the Georgetown University at the graduation ceremony.



We are also seeing that the efficient market theory for stock market prediction is also being questioned recently. The new thinking is that the markets are not efficient.

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