"Rationality after Behavioral Economics" with Mario Rizzo

In a world of uncertainty, how does a hierarchical application of rules facilitate decision making? On this episode of the Hayek Program Podcast, Mario Rizzo explains how the recognition of environmental structure and human limitations lead us to a broader concept of rationality in comparison to the standard neoclassical view. CC Music: Twisterium.

Om Podcasten

The Hayek Program Podcast includes audio from lectures, interviews, and discussions of scholars and visitors from the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. The F. A. Hayek Program is devoted to the promotion of teaching and research on the institutional arrangements that are suitable for the support of free and prosperous societies. Implicit in this statement is the presumption that those arrangements are to some extent open to conscious selection, as well as the appreciation that the type of arrangements that are selected within a society can influence significantly the economic, political, and moral character of that society.