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True. It assumes simple rational actors which act in… well… their own best interests?
by BriggyDwiggs42 3y ago
True. It assumes simple rational actors which act in… well… their own best interests?
- eru 3y agoThat 'best interest' can be anything you are interested in. Eg eating lots of chocolate, or feeding starving children in an orphanage. People aren't even assumed to be rational. Bounded rationality is a thing that gets investigated a lot.
- BriggyDwiggs42 3y agoYeah i suppose it’s not fair to say that the entirety of economics is designed around “selfish” actors.