"After the '87 crash, when the market fell 20 percent in a day, and the Internet bubble, when the Nasdaq went from 5000 to 1400, and then the real estate bubble, which led to a financial crisis from which we're still trying to extricate ourselves, the idea that markets work perfectly is no longer tenable."
Paul Solman on PBS Newshour talks with Richard Thaler about behavioral economics.
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