On Heuristics and Lazy Micro-Economics: Rational Actors, or else?

The Human perception of its entourage as an entirety of matters, possessions (or goods) and circa inhabitance is, in effect, subjected to rules of thumb. In more explicit terms, heuristics, which can be defined as the unconscious preference to a mental shortcut in a quest to quick and efficient decision-making, are omnipresent as echoes of … Continue reading On Heuristics and Lazy Micro-Economics: Rational Actors, or else?