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Decision making and economics

Decision Making or Irrational Perseverance applied to the Euro Issue

By Roger Claessens, prof UBI, Brussels on

This first part of the text is based on: “Thinking fast and slow” by Daniel Kahneman[1].

It is by a happy coincidence that a friend mentioned I should be reading the book of Nobel Prize winning economist, Daniel Kahneman on “Decision Making”. My only regret is that this book was not published years ago and that I did not benefit earlier from the remarkable observations of the author, reason why I want to share this with you and the students who follow my courses.

“This book is a tour de force by an intellectual giant; it is readable, wise and deep. Buy it fast. Read it slowly and repeatedly. It will change the way you think, on the job, about the world, and in your own life.” (Richard Thaler, professor of behavioural science and economics, University of Chicago) Read more