Mention659961

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so:text There is much evidence that people are not rational, in the economist’s sense; nor do they take into account expectation, in the precise interpretation of that word. As a result economic theory often does not correspond with what happens in the market. Some would argue that we need descriptive economics. I would argue that all should be taught about probability, utility, and MEU and act accordingly. (en)
so:isPartOf https://en.wikiquote.org/wiki/Dennis_Lindley
so:description Understanding Uncertainty (2006) (en)
so:description Sourced (en)
qkg:hasContext qkg:Context325203
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