Adel R. on Nostr: Rationality and behaviour are two different concepts that have their place in ...
Rationality and behaviour are two different concepts that have their place in understanding economic activity. NeoLib econs are overtly mathematical because their approach to modeling discounts irrationality because it makes the model easier to analyze (quantitatively). But that means that they short change the results obtained from the analysis.
Published at
2025-01-07 20:34:11Event JSON
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"content": "Rationality and behaviour are two different concepts that have their place in understanding economic activity. NeoLib econs are overtly mathematical because their approach to modeling discounts irrationality because it makes the model easier to analyze (quantitatively). But that means that they short change the results obtained from the analysis.",
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