Webinar: Other Things Matter – Insights from Behavioral Economics

Wednesday, February 12, 4 p.m.

Register for this webinar.

Join us for the Minnesota Council on Economic Education’s Speaker Series, “Bringing Economics to Life! -- A Series of Conversations Aimed at Using Economics to Better Understand Our World and Address Its Challenges” with featured guest, director of the Center for Economic Education at Florida Atlantic University, Bill Bosshardt.

Traditional economics assumes that people behave like "Econs," perfectly rational individuals who always make decisions to maximize their happiness, with income as their only barrier to unlimited happiness. According to this view, Econs consistently choose the option that provides the greatest personal benefit. Behavioral economics, however, shows that real people, “Humans,” don’t always follow this idealized model. Instead, Human decisions are often influenced by other factors beyond the goods and services income can buy. This talk explores insights from behavioral economics, highlighting how our behavior often diverges from the predictable patterns of an "Econ" and uncovering the reasons behind our so-called "irrational" choices. Join us to discover how understanding these insights can help make sense of the choices we all make.