Igor Grossmannjoined in Aug 26, 2020
Professor at Department of Psychology, University of Waterloo, Waterloo, Canada.
Grossmann has 1 break published.
The "reasonable irrationality" principle
So, what decisions are considered sound? Foundational theories in neo-classic economics address this question by pointing to the concept of rationality. A rational person is aiming to maximize their preferences, to de facto pursue their self-interests. According to economists, a rational person uses abstract rules,... click to read more