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Results tagged with decision-theory
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user 38373
the mathematical study of strategies for optimal decision-making between options involving different risks or expectations of gain or loss depending on the outcome.
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Do a group of economic agents really act as if they are rational?
When questioning the rational choice hypothesis, I often get responses that are similar to the followings:
"Individuals may sometimes make irrational decisions, but a large group of economic agents wo …
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