If individuals behave irrationally in some circumstances, why do economists typically assume that they behave rationally a The assumption of rationality allows economists to make powerful statements that apply the majority of the time b The assumption of rationality was used before psychologists d...

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Microeconomics An Intuitive Approach with Calculus

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If individuals behave irrationally in some circumstances, why do economists typically assume that they behave rationally?...

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Microeconomics An Intuitive Approach with Calculus

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