Economists are often criticized for making assumptions., Ask an Expert

Economics

Economists are often criticized for making assumptions. Why are assumptions necessary? To think about this, you might consider an assumption that is often made: people are ratonal. Do you think that people are rational, and how could you construct a model of irrational behavior? Would that be a better assumption to make?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9293782

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