Economic thinking. (Cover story)

• Autores: Davide Castelvecchi
• Localización: Scientific American, ISSN 0036-8733, Vol. 301, Nº. 3, 2009, págs. 82-82
• Idioma: inglés
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• Resumen

  • The article discusses the evolution of economic thinking and how irrational human choices can make sense in terms of a person's inner logic. Topics include the assumptions that economic thinking rests on, such as the ability to rank the outcomes of individual actions, the value of a decision's outcome, and why reality overtakes logic. Also discussed is the relationship between risk-adverse behavior and the concept of expected utility and mathematician Nicolas Bernoulli's hypothesis.