Loury and Mullainathan - Behavioural Economics

I am going to give this its own post as it is important to watch this. Glenn Loury and Sendhil Mullainathan on behavioural economics. Loury grills Mullainathan on the importance of behavioural economics to economic theory and economic policy. Mullainathan offers a lot of food for thought on the implications of behavioural economics for regulation, health economics, welfare economics and development economics.