RMIT's Behavioural Business Lab present an introduction to human irrationality and examine how economists and psychologists study it at National Science Week.
You’ve probably noticed that people aren’t always rational. They do things like drive around a gym parking lot for 15 minutes looking for a spot close to the front door. They buy an annual gym membership, walk on a treadmill for 30 minutes, and then never come back again. These behaviours are not random.
At this event, through demonstration and discussion, members of the RMIT Behavioural Business Lab will provide an introduction to human irrationality, and discuss how economists and psychologists study it.