Sentences with phrase «standard economic theory predicts»

Standard economic theory predicts that firms will not invest in general training and will underinvest in specific training.

Last but by no means least, standard economic theory predicts that increased trade will grow the economy but hurt some specific social classes.

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Keywords: Risk management, measuring uncertainty, failure of models that predict failure, complexity theory, standard out of equilibrium level, irrational expectations on economic rational actor model.

Category: English, North America, Transversal Studies, Your experiences, Your ideas · Tags: complexity theory, failure of models that predict failure, irrational expectations on economic rational actor model, measuring uncertainty, Risk management, standard out of equilibrium level