Comment on the assumption common to most economic models that all individuals are rational and make optimal

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Comment on the assumption common to most economic models that all individuals are rational and make optimal decisions in response to economic incentives.

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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Question Posted: Mar 05, 2024 05:00 AM

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Comment on the assumption common to most economic models that all individuals are rational and make optimal

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The assumption that all individuals are rational and make optimal decisions in response to economic incentives is a common but contested assumption in ...View the full answer

Economics

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