Rational: Difference between revisions
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*[[Classical economics]] | *[[Classical economics]] | ||
*[[Efficient market hypothesis]] | *[[Efficient market hypothesis]] | ||
*[[Homo economicus]] | |||
* [[Irrational]] | * [[Irrational]] | ||
*[[Profit maximisation]] | *[[Profit maximisation]] | ||
Revision as of 12:06, 8 November 2025
Economics.
Classical economics assumes that all market participants are profit-maximising and risk averse.
This combination of preferences is known as 'rational' in the efficient market hypothesis.
