A foundational assumption in economics is that people are rational: they choose optimal plans of action given their predictions about future states of the world. In games of strategy this means that ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Philip Ball’s recent article on mainstream economics has attracted strong criticism on the letters page. Mr ...
Bazerman, M. H. "Rational Authority Allocation to an Agent." In Negotiating on Behalf of Others, edited by Robert Mnookin and Lawrence Susskind. Thousand Oaks: Sage Publications, 1999.
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