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Economists are often criticized for making assumptions

Question # 00578905
Subject: Economics
Topic: Macroeconomics
Due on: 08/26/2017
Posted On: 08/26/2017 08:25 AM

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Assumptions in rational economics


Economists are often criticized for making assumptions. Why are assumptions necessary? To think about this, you might consider an assumption that is often made: people are ratonal. Do you think that people are rational, and how could you construct a model of irrational behavior? Would that be a better assumption to make?

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Economists are often criticized for making assumptions

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