Sentences with phrase «rational economic behavior»
Academia, industry, and public policy have assumed rational economic behavior for so long that we've forgotten about the other aspects of human behavior, aspects that don't fit as neatly into a mathematically precise framework.
http://www.moneysense.ca/ Not exact matches
My dream, and I believe it is a rational possibility if not assured, is that as the ecology of our situation increases to exert pressure on us, that there will be a rapid emergent adaptation of behaviors effecting an «ecocultural» revolution in our socio - economic structures.
The fact that «rational» behavior erodes community is not noticed, since community plays no role in economic thought.
«Recent lab experiments studying behavior of a group of individuals show that economic systems may deviate significantly from rational efficient equilibrium at both individual and aggregate levels.
That behavior is rational, reasonable and in line with their business models, capital structures, investment programs and economic objectives.
Ignoring for example, that the behavior of group of sub prime mortgages bundled into CDOs would most likely not be independent of each other set investors up with a bunch of crappy investments that were more likely to perform poorly in an economic downturn... the covariance of the underlying mortgages increased risk, not decreased it, and one didn't have to be econometrician in order to anticipate this outcome... Ex post selection of data (without clear rational protocols, established before data are collected and analyzed) is unforgivable, and should be intolerable.
Strain and rational choice theories (e.g., [7 — 8]-RRB- suggest that youths may change their delinquent behavior if changes in SES alter their experience of economic deprivation.