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Sudan Aryal
Sudan Aryal

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Published in Marker

·Feb 3

Homo Economicus: What’s Wrong with the Rational Economic Man?

Classical physics offered more to economic modeling than any other field of natural science — is quantum physics the future? — “Orthodoxy means not thinking- not needing to think. Orthodoxy is unconsciousness.” -George Orwell, Nineteen Eighty-four (1949) Suppose you were offered to make a choice between two bets: bet A gives you a 9/10 chance of winning $10, while bet B has a 1/10 chance of winning $100. …

Economics

6 min read

Homo Economicus: What’s Wrong with the Rational Economic Man?
Homo Economicus: What’s Wrong with the Rational Economic Man?
Sudan Aryal

Sudan Aryal

A random person who likes to write just about anything.

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