How do you make people change?
March 25th, 2008 | by jeff | | Post to NewsCloud »By Jason D ScorseMany critics of economists contend that because people aren’t rational, economics has little predictive power. This is wrong for two reasons. First, people act relatively rational in many (if not most) circumstances; second, the deviations from rationality are predictable. As one of my professors at Berkeley used to say, it’s not …
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