In this episode of the QB pod, Sarah and Merle speak with Leigh Caldwell (Founding Partner of Irrational Agency and author of The Psychology of Price) about the existence of a System 3 within a dual systems model of thinking... What follows is an interesting discussion on the purpose and utilities of models and the evidence for an "imagination" system at the intersection of "emotion" and "rationality".   Helpful context: Leigh's original blog post: https://www.irrationalagency.com/post/introducing-system-3-how-we-use-our-imagination-to-make-choices Merle's response blog post: https://www.moneyonthemind.org/post/on-the-hunt-for-system-3-is-it-real   Finding Leigh: Twitter (@leighblue): https://twitter.com/leighblue?lang=en Linkedin: https://uk.linkedin.com/in/leighcaldwell Irrational agency: https://www.irrationalagency.com/   Questioning Behaviour Links: Facebook: @QBpodcast (https://www.facebook.com/QBPodcast) Insta: @questioningbehaviour (https://www.instagram.com/questioning...) Twitter: @QB_podcast (https://twitter.com/QB_Podcast) LinkedIn: @Questioning Behaviour (https://www.linkedin.com/groups/8928118/) Music: Derek Clegg “You’re the Dummy” https://derekclegg.bandcamp.com/