The popular program NOVA on PBS has put together a compelling program that tries to make sense of money and the mysterious affect it can have on humans. The question they pose is: Can markets be rational when humans aren’t?
In the aftermath of the worst financial crisis since the Great Depression, NOVA presents “Mind Over Money”—an entertaining and 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?
To watch the full episode of “Mind Over Money” click here
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