Rationality efficiency 

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Microsoft PowerPoint - economics_financial_crisis.ppt
... cartoons economicsandfinancialcrisis amsterdam 6 oct 2010 10 theses 1. rationality efficiency 2. we are not rational 3. non-rationality not needed to explain crisis 4. a ... do not blame shareholders economicsandfinancialcrisis amsterdam 6 oct 2010 1. rationality efficiency non-economist think rationality efficiency example prisoners dilemma defect rational strategy defect-defect inefficient outcome ...
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Microsoft Word - disc76.doc
... in place of the cumbersome he or she' and his or her'. 4 admittedly, the rationality condition ceases to apply if drinkers are ill informed about the consequences of drinking (young ... reference to the inverse elasticity rule (ramsey 1927), which holds that other things being equal, efficiency losses from taxation are lower for goods with lower price elasticities of demand than for ...
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