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Prudent Rationalizability in Generalized Extensive Form Games Econ Ucdavis

Prudent Rationalizability in Generalized Extensive Form Games Econ Ucdavis

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60-second adventures in economics number six rational choice theory of all the things to factor in when running an economy the most troublesome is people now by and large humans are a rational lot when the price of something Rises people will supply more of it and buy less of it if they expect inflation to go up people will usually ask for higher wages though they might not get them and if they can see interest or exchange rates falling in one country people with lots of money there will try to move it out faster than you can say double-dip and governments often decide their economic policies assuming such rational actions which would be great if it weren't for the fact that those pesky humans don't always do what's best for them sometimes they mistakenly think they know all the facts or maybe the facts are just too complicated and sometimes people just decide to follow the crowd relying on others to know what they're doing when too many cheap mortgages were being sold in 2007 a lot of

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