Mind Over Money: Can Markets Be Rational When People Are Not?

Created on Wednesday, 29 June 2011 09:49

In the aftermath of the worst financial crisis since the Great Depression, NOVA presents 'Mind Over Money' — a penetrating exploration of why mainstream economists failed to predict the crash of 2008 and why we so often make irrational financial decisions.

The program reveals how our emotions interfere with our decision-making and explores controversial new arguments about the world of finance. In the face of the recent crash, can a new science that aims to incorporate human psychology into finance—behavioral economics—help us make better financial decisions?

(Source: PBS.org)

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