TagLast edit: 9 Apr 2021 12:24 UTC by Pablo

Economics is the social science of how economic actors interact with things they value, especially goods and services in an economy. Economic behavior is often studied using rational choice theory, which assumes that actors in a social system make decisions so as to maximize their individual utility functions; the subfield of behavioral economics provides evidence as to when, and to what extent, economic actors conform to the assumptions of rational choice theory.

Economic methods are often used to guide cause prioritization and decision making in effective altruism.

External links

Economics. Wikipedia entry.

Related entries

decision theory | economic growth | game theory | global health and development | welfare economics

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121 points
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KarolinaSarek6 Apr 2021 12:29 UTC
73 points
5 comments12 min readEA link

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28 points
1 commentEA link

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16 points
12 comments3 min readEA link

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114 points
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3 points
0 comments1 min readEA link

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60 points
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3 points
2 comments2 min readEA link

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37 points
10 comments1 min readEA link

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0 comments10 min readEA link

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63 points
0 comments1 min readEA link

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−16 points
15 comments1 min readEA link

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84 points
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Max Dal­ton: Pri­ori­ti­za­tion and economics

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22 points
12 commentsEA link

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20 points
1 comment1 min readEA link

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20 points
11 commentsEA link

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22 points
5 commentsEA link

[Question] Is Modern Mone­tary The­ory a good idea?

Milan_Griffes16 Apr 2019 21:25 UTC
15 points
9 comments1 min readEA link

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16 points
0 comments1 min readEA link

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19 points
0 comments4 min readEA link