Saturday, March 04, 2006
[743] Of economics, preference and rationality
[743] Of economics, preference and rationality
I was about to blog something about microeconomics (tag) but ended up emailing my undergrad economics professor instead. Meanwhile, I dug up a pile of shit and found this written in one of my economics coursepacks:
It was taken from the coursepack itself. The full version is this - "Remember, economics defines rationality in terms of whether an individual acts sensibly given his or her preferences, not whether the preferences themselves are sensible."
How true. That's positive economics.
It was taken from the coursepack itself. The full version is this - "Remember, economics defines rationality in terms of whether an individual acts sensibly given his or her preferences, not whether the preferences themselves are sensible."
How true. That's positive economics.
23:59 EST |
(3) Comments
Thank you for sparing us from your drawings.... i think your prof's handwriting is more pleasing to the eye ANYTIME!!!
By , at 05 March, 2006 09:22
that's my handwriting. LOL!
By __earth, at 06 March, 2006 21:53
ah yes... i recognise that horrible hand writing... i waste so much time trying to figure out wat nonsense you were trying to write on your assignment. MUAHAHAHAH
By , at 07 March, 2006 09:16
