UW Microeconomics Freakonomics Radio Greg Rosalsky Episode Questions
Question Description
I’m working on a micro economics writing question and need an explanation and answer to help me learn.
Basically, listen and usethis podcast’s information.
http://freakonomics.com/podcast/should-we-really-behave-like-economists-say-we-do-a-new-freakonomics-radio-podcast/
Answer these 4 questions in a minimum of a full paragraph for each question
1. In this episode, you’ll hear Freakonomics Radio Greg Rosalsky. embark on a long and tortuous process to live his life like homo economicus. Describe Rosalsky’s experiences and behavioral economist Richard Thaler’s advice on
how to get a seat on a subway
how to play the dating market
whether to pay for public goods like free music.
Explain fully how homo economicus (an “econ”) would handle each situation.
2. Rosalsky also ponders whether voting is a rational act. What are the arguments that it is and it isn’t? What do you think about this?
3. Would it be good or even possible for people to live like economists say they do?
4. How do these examples contrast with the assumptions of traditional economics brought out in chapter 8?
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