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"...Ridiculous" Ep. 1: Beyond Anomalies
Opinion Science
Questioning the Assumption of Rationality in Stock Markets
Challenging the belief in rational and efficient stock markets, the speaker questions the foundation of economics based on the assumption that individuals always act rationally to maximize their own gains. Through various anomalies like stock market prices, decisions of cab drivers, and savings crisis, the speaker suggests that the belief in rationality may not be well-founded. By reflecting on human decisions and the speaker's own experiences, it is implied that the assumption of rationality in economic models may be flawed.
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