Describe the sense in which holmess bad man corresponds to, Econometrics

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Describe the sense in which holmess bad man corresponds to

1. Describe the sense in which Holmes's "bad man" corresponds to the rational decision maker of economic theory.

2. Under the law of negligence, individuals engaged in activities that may cause harm to others (external harm) are expected to take those precautions that a "reasonable person" would take in the same circumstances. How does the reasonable person of negligence law relate to the rational decision maker of economics?

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Econometrics: Describe the sense in which holmess bad man corresponds to

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Econometrics: Describe the sense in which holmess bad man corresponds to

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