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You're not wrong, but I don't think the person you're replying to is suggesting otherwise, they're just commenting on the assumption in many economic models tha
by mandelbrotwurst 6y ago
You're not wrong, but I don't think the person you're replying to is suggesting otherwise, they're just commenting on the assumption in many economic models that participants are rational actors that make logical decisions.
- jamesblonde 6y agoUtility maximizing decisions. The efficient markets 'hypothesis'
- deleted 6y ago[deleted]
- netcan 6y agoThis is one of those points that gets misrepresented and then straw manned way more often than not... like fiduciary duty to shareholders. Economists don't think people are always rational or logical.