this post was submitted on 10 Jul 2025
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[–] leftytighty@slrpnk.net 2 points 2 days ago

Behavioral economics isn't how we allocate our resources, it's a correction of classical economics to include the human factor. The assumption that everyone is a perfectly rational profit optimizer only reflects reality insofar as we've codified that behavior into our laws and regulations such that shareholders can sue companies for not acting in that assumed way.

The kind of economics people take as science don't describe human populations throughout history.