3 ms·
True, there is a lot to be learned from behavioural economics. But neoclassiscal stuff is not all bad. The notion of bounded rationality which places limits on
by Dn_Ab 14y ago
True, there is a lot to be learned from behavioural economics. But neoclassiscal stuff is not all bad. The notion of bounded rationality which places limits on the rationality of people is kind of old. And in aggregrate; people, corporations in particular do tend to approximate rationality. This is why they can be 'psychopathic'.