Economics Can Explain the Real World with Two Fixes

Why rationality should be based on relative payoffs

By Lixing Sun Rational choice theory lies in the heart of neoclassical economics. It assumes that humans are utility maximizers, always going for the option with the highest net benefit. Since the 1970s, however, behavioral […]

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Why Overpaid Quarterbacks Are Losers

The science behind team success

By Lixing Sun For a long time, it wasn’t easy to be a Seahawks fan. People would look at you sideways, as if asking, “Are you serious?” And one thing you could be guaranteed was […]

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