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Generally, economists believe that individuals are rational and make choices to maximize utility. How do you reconcile the fact that most people would prefer to own a Ferrari, but actually own a car like a Toyota Matrix? Once you take into account
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Today is Friday, which has normally meant for the last two years, the time when I poke fun at some particularly outrageous woo. Indeed. I even had a great idea for a 4th of July-themed post today that (I hope) would have been read more »
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