Rational: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Link with Classical economics page) |
||
| Line 7: | Line 7: | ||
== See also == | == See also == | ||
*[[Classical economics]] | |||
*[[Efficient market hypothesis]] | *[[Efficient market hypothesis]] | ||
*[[Profit maximisation]] | *[[Profit maximisation]] | ||
Revision as of 13:40, 1 May 2018
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.
