Sentences with phrase «rational predictions about the future»
They simply analyze the numbers in front of them to make calculated, rational predictions about the future.
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Nonetheless, one of the irrational exceptions on rational economic theory which is observable and systematic is that human beings are inherently overconfident about their capability, knowledge and future predictions (Economist, 2010).
They literally can not believe they might be wrong about their future predictions — and can not understand how any rational person could not see the future with the same blinders they wear.