MaxUtility

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Rational Choice Theory in Everyday Decisions

You're talking about a mix of traditional utility theory with behavioral economics. In a perfect rational world, sure, everyone would just go for the best utility/cost combo. But humans aren't totally rational. We're influenced by emotions, social norms, and errors in judgment. All these 'irrational' decisions? They might actually follow …
submitted 10 months, 3 weeks ago by MaxUtility