How can a scientific discipline succeed if it is based on an assumption that is demonstrably false

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How can a scientific discipline succeed if it is based on an assumption that is demonstrably false (such as the assumption that humans always rationally maximize expected utility)?

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Behavioral Finance

ISBN: 9780190868741

1st Edition

Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger

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Question Posted: Feb 23, 2024 04:01 AM

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How can a scientific discipline succeed if it is based on an assumption that is demonstrably false

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Following the philosophy of instrumental positivism the value of a ...View the full answer

Behavioral Finance

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