Once again, human nature makes a fascinating subject for discussion:
Most economics in the 1970s was a discipline of rules, rooted in the idea of "homo economicus" - an assumed rational person whose actions and decisions are based on the optimisation of any choice presented to him or her. Hyper rationalism, Prof Thaler calls it. Mathematical.
http://www.bbc.com/news/business-32966383
Most economics in the 1970s was a discipline of rules, rooted in the idea of "homo economicus" - an assumed rational person whose actions and decisions are based on the optimisation of any choice presented to him or her. Hyper rationalism, Prof Thaler calls it. Mathematical.
http://www.bbc.com/news/business-32966383