The Conversation

Danger strikes when foolish humans are left in charge of their financial futures

Author: The Conversation

Humans are irrational. Superheroes also.Santi Molina, CC BY-NC

Much standard economics research is based on the “homo economicus” decision-maker. This is an entirely rational being. An unbiased, unemotional, non-psychological maximiser of the expected usefulness of things and events. Furthermore, this perfect decision-maker is...

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