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Somewhat. Some of the science behind behavioral economics relates to the fact that there are actually rationales behind certain preferences that aren't strictly
by ghaff 2y ago
Somewhat. Some of the science behind behavioral economics relates to the fact that there are actually rationales behind certain preferences that aren't strictly about expected value. The utility of money is not a linear function. Etc.
People also don't understand statistics well as a whole, to be sure. But behavioral economics is also not purely about people being irrational.