Please provide an example as to why an irrational person


Given that the definition of rational is reasonable or sensible, why is it important that we make the assumption that all humans are rational in the study of economics? Please provide an example as to why an irrational person would be detrimental to economic theory.

Solution Preview :

Prepared by a verified Expert
Business Management: Please provide an example as to why an irrational person
Reference No:- TGS02706933

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)