Traditional economic models assume that people act exclusively in their self - interest, just as traditional evolutionary theory describes competition among individuals. (discovermagazine.com)
«This is historic, and it's part of why I think traditional economic models don't work,» Rieder said. (businessinsider.com)
«Richard Thaler has pioneered the analysis of ways in which human decisions systematically deviate from traditional economic models,» says cognitive scientist Peter Gӓrdenfors of Lund University, Sweden, a member of the Economic Sciences Prize Committee. (sciencenews.org)