When making decisions, on the chessboard, in the markets, and in life in general, it is important to be rational. However, as life is not always rational, this is not always so easy.

In this video, Professor Randall Bartlett of Smith University, author of the course Thinking Like an Economist-A Guide to Rational Decision-making, explains how economic thinking can be applied to all aspects of life.

Audio Length: 00:13:16