Lars P. Syll’s Blog
Truth and rationality
Lars P. Syll | Professor, Malmo University
Mainstream economics — nonsense masquerading as science
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, January 27, 2021
Lars P. Syll — Truth and rationality
Rational choice theory, like Bayseianism in statistics, is based on informed opinion (rational expectations), but it is opinion none the less. Therefore, it is a heuristic device subject to YMMV rather than being determinative, that is, leading to knowledge rather than opinion or belief. This condition determines the scope of the method.
Lars P. Syll’s Blog
Truth and rationality
Lars P. Syll | Professor, Malmo University
See also today
Mainstream economics — nonsense masquerading as science
Lars P. Syll’s Blog
Truth and rationality
Lars P. Syll | Professor, Malmo University
Mainstream economics — nonsense masquerading as science
The DSM-6 should have rational choice personality disorder (RCPD).
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