Are humans irrational or are they just dumb? That depends upon what you MEAN by the word “irrational”. I will use these definitions: Irrational = failing to use your reasoning faculties correctly. Dumb = not having enough information. Fun Example: let reason be grammar and information be vocabulary. Having a strong use of grammar is… [Read More]
You are here: / Archives for behavioral economics
I blog often
Get your weekly wrap-up...