Economics Today (19th Edition)
Economics Today (19th Edition)
19th Edition
ISBN: 9780134478777
Author: Roger LeRoy Miller
Publisher: PEARSON
Question
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Chapter 1, Problem 20P
To determine

To determine whether rationality assumption or assumption of bounded rationality applies in the following situation.

Sebastian is a financial analyst who is convinced that his clients do not always make choices that are consistent with their long-term objectives. He has also determined that his clients do not consider relevant choice and often fail to act in their own self-interest.

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