Menu

More News

Brilliant, Intuitive, and (Possibly) Wrong
August 3rd, 2011
Economists have some funny ideas. Often these ideas are controversial. Sometimes these ideas are brilliant and intuitive. Other times these ideas are brilliant, intuitive, and just plain wrong. It’s often difficult to know the difference between the two. It usually takes another economist to figure it out. Economists have long held the (brilliant, intuitive, and possibly wrong) belief that people make the best decisions for themselves. This is called rational choice theory (or, simply, rationality) and it underlies almost all economic theory. This confuses a lot of non-economists who understand “rationality” to mean “sane” or “making good choices.” Rationality to...
Continue Reading

FTC director @mattikohonen will speak tomorrow @ AMLC-@Fintelekt AML/CTF Annual Summit Philippines 2021 about benef… https://t.co/LuqaFarBTs
- Tuesday Nov 23 - 9:25am

Follow @FinTrCo