Rationality and Irrationality [Head Start in A-Level Economics]
- AS, A Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 16 May 2020
This is the first session in a six-session short course for Year 11 students introducing them to behavioural economics.
Video 1: Introduction to the Short Course
This video introduces the Year 11 Head Start Short Course in Behavioural Economics.
Video 2: Rational behaviour and the world of Econs
This video looks at the concept of rationality - often assumed in economics textbooks to be the model of consumer behaviour but which is now fundamentally challenged by behavioural economic thinking.
Video 3: Irrationality and Kahneman's Dual Process Theory
In this video we explore the concept of irrationality and the dual process theory associated with Daniel Kahneman and Amos Tversky.
Finding out more about behavioural economics
We have a collection of study resources on behavioural economics available here
We will be adding some quizzes to this page very shortly.