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The ‘Representative Agent’ Is Always Rational. The Rest of Us Are Not

Authors :
Coy, Peter
Source :
The New York Times (Digital Edition). July 10, 2023
Publication Year :
2023

Abstract

Economists have an imaginary person they call a “representative agent,” who is about as realistic as the Easter bunny or the Abominable Snowman. The representative agent is supposed to stand [...]

Subjects

Subjects :
News, opinion and commentary

Details

Language :
English
ISSN :
15538095
Database :
Gale General OneFile
Journal :
The New York Times (Digital Edition)
Publication Type :
News
Accession number :
edsgcl.756764459

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