Mind Over Money
NOVA presents 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. It’s a show that reveals surprising, hidden money drives in us all and explores controversial new arguments about the world of finance. Before the crash, most Wall Street analysts believed that markets are “efficient” — that investors are reasonable and always operate in their own self-interest. Most of the time, these assumptions of classical economics work well enough, but in extreme situations, people panic and conventional theories collapse. Can a new science that aims to incorporate human psychology into finance — behavioral economics — do better? Delivering unexpected insights from leading analysts and powerful experiments, “Mind Over Money” exposes the mysterious and surprising nature of the two most powerful forces on our planet: the human mind and money.
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