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There's a second "myth" that you could have recognized it was the wrong decision at the time. And that's not always true either.
by skybrian 3y ago
There's a second "myth" that you could have recognized it was the wrong decision at the time. And that's not always true either.
- imtringued 3y agoNeoclassical economics is not only built around that idea, you also have the ability to predict the behaviour of others accurately. If you don't have those two things, then it doesn't work.
- skybrian 3y agoIt's a somewhat better assumption for repeated, routine transactions.