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rational agent

Defining a rational agent
Consciousness Finance and Economics Opinions

Econ 101: Defining a Rational (and Conscious) Agent

Economics is inherently a study of scarcity by determining the cause-and-effect relations between all sorts of things. Without scarcity, the need to quantify things and gather vast amounts of data wouldn’t arise. Lack of resources — and therefore the question of how to distribute them — provides an incentive to Read more…

By Irfan Bashir, 2 years3 months ago
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