Ratio decidendi and Rational: Difference between pages
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imported>Doug Williamson (Added meaning of the Latin to match Obiter dicta entry) |
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'' | ''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. | |||
== See also == | == See also == | ||
* [[ | *[[Efficient market hypothesis]] | ||
* [[ | *[[Profit maximisation]] | ||
*[[Risk]] | |||
[[ | *[[Risk averse]] | ||
Revision as of 21:24, 16 March 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.
