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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qkg:Quotation625787 | qkg:hasMention |
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