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How well does he convince you that people are rationally irrational and that by omitting this assumption economics models will continue to be relatively poor models of human behavior and democracy will go on making poor choices - Essay Example

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This comes as a result of them being able to reason concerning the matters which affect their lives. It is of essence to note that there are three…
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How well does he convince you that people are rationally irrational and that by omitting this assumption economics models will continue to be relatively poor models of human behavior and democracy will go on making poor choices
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How well does he convince you that people are rationally irrational and that by omitting this assumption economics models will continue to be relatively poor models of human behavior and democracy will go on making poor choices

Download file to see previous pages... Political people are expected to give there view through the ballot and economically people are expected to show their economic rationality through the way they consume the products. It is not logical to purport that people can tend to be rational in one respect. It is true that people can be rational in one aspect of which if that’s the case they will intend to follow what they believe in. for instance when people are rational consumers much more than they are in politics, then they will tend to shun politics for the economic prosperity. It should be noted that rationality is a subject to changes and manipulations. You don’t expect people to be rational throughout their lives everyday. In democratic world people are expected to give their views through ballot, and because politics is a game of interests many politicians occasionally manipulate the way people votes in order to satisfy their interests thereby no rationality is seen in voters. If this happens there is always a breach in democratic order which is pro freedom and fairness. Economically, most sales people are driven by the motives of wealth acquisition in expenses of fairness and righteousness. In this situation the urge to seek for the truth is barred from materializing due to the self interest inclined in one’s belief in riches for comfort.
In the quest of finding truth and rationality in the social life of human beings there always arise conflicts. These conflicts emanate from the religious orientations which religious leaders or specific religion doctrines inflicts in their believers. The economic model, the material cost of error there is depictions of how wrong beliefs and assumptions can lead to fatal economic dangers. The dangers are in most cases bringing financial problems for instance you find that if one is so obsessed with his social beliefs it becomes influential in his economic decisions. Take an example with a staunch Christian who is ...Download file to see next pagesRead More
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(How Well Does He Convince You That People Are Rationally Irrational Essay)
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