I have a confession. I hated most of my college Economics classes. I found many of my major’s classes to be boring and theoretical. The microeconomics classes weren’t very applicable to the real world, and I found the macroeconomics ones to only be slightly more enjoyable. I always found the basic principle of Economics—that people always make decisions that provide them with the highest amount of personal utility—to be peculiar. This presumed that humans always acted rational, which I always thought was a ridiculous assumption.
#23: Behavioral Economics
#23: Behavioral Economics
#23: Behavioral Economics
I have a confession. I hated most of my college Economics classes. I found many of my major’s classes to be boring and theoretical. The microeconomics classes weren’t very applicable to the real world, and I found the macroeconomics ones to only be slightly more enjoyable. I always found the basic principle of Economics—that people always make decisions that provide them with the highest amount of personal utility—to be peculiar. This presumed that humans always acted rational, which I always thought was a ridiculous assumption.