Google, IBM & Meta Certificates – 40% Off
One plan covers every Professional Certificate on Coursera.
Unlock All Certificates
Learn how economists approach and utilize the concept of rationality in their models through this 11-minute educational video. Explore the seemingly counterintuitive practice of using rationality as a foundational assumption in economic theory, despite widespread acknowledgment of human irrationality. Discover why economists defend the use of simplified assumptions that, while technically false, can still produce valuable and predictive economic models.
