Saturday Morning Breakfast Cereal by Zach Weinersmith for December 30, 2015
December 29, 2015
December 31, 2015
Transcript:
Economics is stupid because it assumes people behave rationally. I mean, look at me! I'm people, and I've never read a single book on economics, yet I'm positive the entire field is founded on a single obviously false premise! Explain me, economist! You're a first-year physics student with delusions of grandeur. Lucky guests.
Ida No almost 9 years ago
Just got done reading “Brain Works” from National Geographics. There’s a whole section on how economics is wrong in assuming that buyers are rational. Then it goes on to say that economic predictions become more accurate when assuming that people are idiots.