Rationality The Logic of Life for students.pdf

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Transcript of Rationality The Logic of Life for students.pdf

Page 1: Rationality The Logic of Life for students.pdf
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Harford, Tim. The Logic of Life, pp8-13.
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Step 1: Read the excerpt from Hardford's book and answer the questions.
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Please note answers to the following: 1. Why is the concept of rationality useful for economists? 2. In what way(s) can you concur that rationality is a valid assumption? 3. What problem(s) can you identify with this assumption about humans?

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