Risky Decisions: How Mathematical Paradoxes and Other Conundrums Have Shaped Economic Science
Museum of American FinanceOnline discussion. At its core, economics is about making decisions. In the history of economic thought, great intellectual prowess has been exerted toward devising exquisite theories of optimal decision making in situations of constraint, risk and scarcity. Yet not all of our choices are purely logical, and so there is a long-standing tension between those […]