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Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.
Original Article: "Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality""
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Grace Ann Converse
Grace Ann Converse is a junior studying economics and applied mathematics at Oklahoma State University, as well as a graduate of Mises University 2019 and 2020.