Ask Question
19 October, 09:18

Why does it take just a few people to act rationally for the standard model to hold?

+5
Answers (1)
  1. 19 October, 13:13
    0
    Only a few people act rationally for the standard model to hold. One good example to explain it is if some money is left on the table, the few people who act rationally (selfishly) will definitely take advantage of the irrationality of other people. Hence, they will take the money that's on the table.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why does it take just a few people to act rationally for the standard model to hold? ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers