A leading psychologist and philosopher challenge the shortcomings of rational choice theorya "e;and propose a new framework for understanding decision-making.For many decision scientists, their starting pointa "e;drawn from economicsa "e;is a quantitative formula called rational choice theory, allowing people to calculate and choose the best options. The problem is that this framework assumes an overly simplistic picture of the world where different types of values can be quantified and compared, leading to the one a most rationala choice. Behavioral economics acknowledges that irrationality is common but still accepts the underlying belief from economics of what a rational decision should look like.In this audiobook, the authors offer a different way to think about the choices we make every day. Drawing from economics, psychology, and philosophya "e;and both inspired by and challenging Daniel Kahnemans Thinking, Fast and Slowa "e;they show how the focus on rationality, narrowly understood, fails to fully describe how we think about our decisions, much less help us make better ones. Notably, it overlooks the positive contribution that framinga "e;how we determine what aspects are most important to usa "e;contributes to good decisions.Schwartz and Schuldenfrei argue that our choices should be informed by our individual a constellation of virtues,a allowing for a far richer understanding of the decisions we make and helping us to live more integrated and purposeful lives.
