Introduction

Traditional thinking about markets can be limiting - understanding the broader context, rather than relying solely on predefined structures, is crucial for effective decision-making. Part of the Markets short course, Thinking Differently About Markets, this lecture looks at the concept of “markets” both theoretically and practically, suggesting a flexible and nuanced approach that questions conventional wisdom and embraces alternative approaches results in better decision-making.

Topics include:

• the traditional “market” approach in decisi...