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August 29, 2003

Neoclassicists vs. Behaviouralists

Very interesting article in The Economist exploring the nuance of human behavior in an economic context. The skinny: neoclassical economic assumptions of rational choice are more valid for financial professionals than Joe-Schmo. Big surprise.

Posted by razib at 02:16 PM

always remember, idiots are everywhere, but it's awfully hard to make money trading stocks. Paradox?

Posted by: eric f at August 29, 2003 06:30 PM