Archive for August 25th, 2009
Rational Economic Actor
Can we please put this “rational economic actor” nonsense behind us? The reality that the most powerful academic discipline in the US is built upon this fundamentally flawed assumption scares the piss out of me. Ritholtz:
Whether it’s a matter of ignorance or greed, people are still buying General Motors stock, even though the company and [...]
Posted: August 25th, 2009 under The Dismal Science.
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