Rational: Difference between revisions
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imported>Doug Williamson (Link with Classical economics page) |
imported>Doug Williamson (Link with Behavioural economics page) |
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== See also == | == See also == | ||
*[[Behavioural economics]] | |||
*[[Classical economics]] | *[[Classical economics]] | ||
*[[Efficient market hypothesis]] | *[[Efficient market hypothesis]] | ||
Revision as of 13:41, 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.
