In 2011, edward cartwright, a behavioral economist, gave credit to the nobel prize–winning economist herbert simon for launching what cartwright calls the "you cannot be serious attack" on the standard economic model. cartwright cites a paper published by simon in 1955 where the author uses the standard economic model to solve elegantly how a rational person should behave. after solving an equation for this rational person’s optimal behavior, simon states: my first empirical proposition is that there is a complete lack of evidence that, in actual human choice situations of any complexity, these computations can be, or are in fact, performed. source: "a behavior model of rational choice." quarterly journal of economics (1955): 104. this statement by simon can be best described as a call to:
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He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain
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How would you cite different books by the same author on the works cited page? a. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. b. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. –––. ballads in poetry – a critical review. dallas: garden books, 1962. print. c. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. d. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. –––. folk songs and ballads. salem: poetry press, 1999. print.
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James has set the goal of achieving all "a"s during this year of school.which term best describes this goal
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How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices
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In 2011, edward cartwright, a behavioral economist, gave credit to the nobel prize–winning economist...
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