Discuss how human behaviour differs from the behaviour of Econs with the aid of examples from the literature. Do you believe that this difference matters? Why?
Discuss how human behaviour differs from the behaviour of Econs with the aid of examples from the literature. Do you believe that this difference matters? Why? Using literature on behavioural economics, discuss how human behaviour differes form that of Econs. Econs are completely rational, and forward thinking agents in economic models.