Applying Economic Models to Real Life

In part two of this week's Goldstein on Gelt podcast, Doug interviews Lars Peter Hansen, who won this year’s Nobel Prize for Economics along with Eugene Fama and Robert Shiller (who has also been a guest on the Goldstein on Gelt Show). Find out how economic models are used in decision making – and if these models can be applied to day-to-day life rather simply remaining at the theoretical level.