Mina Mahmoudi a lecturer in the Department of Economics at Rensselaer Polytechnic Institute has developed a new theory of economic decisionmaking that explains why humans in general choose judgments that are sufficient rather than ideal
A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal.
Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, has developed a new theory of economic decision-making that explains why humans, in general, choose judgments that are sufficient rather than ideal.
A new theory of decision-making helps explain why humans often make decisions that are simply adequate, not optimal. According to the theory, people often use relative thinking when they should use absolutes, and vice-versa.
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