Where the young are

For years, social scientists believed that human beings were generally rational, but emotions like fear, hatred and affection could explain most departures from rationality. Until Daniel Kahneman got the Nobel Prize for tracing human errors to the design of the machinery of cognition rather than to the corruption of thought by emotion. As he points out in Thinking, Fast and Slow — one of the most interesting books of this year — human beings are blind to the obvious, but they are also blind to their own blindness. The debate on foreign direct investment (FDI) in retail recently joined labour law reform in reflecting this blindness.

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