Rational: Difference between revisions
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imported>Doug Williamson (Link with Behavioural economics page) |
imported>Doug Williamson (Link with Irrational.) |
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*[[Classical economics]] | *[[Classical economics]] | ||
*[[Efficient market hypothesis]] | *[[Efficient market hypothesis]] | ||
* [[Irrational]] | |||
*[[Profit maximisation]] | *[[Profit maximisation]] | ||
*[[Risk]] | *[[Risk]] | ||
Revision as of 09:07, 2 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.
