Economic Perspectives I

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Introducing Economic Perspectives

In the upcoming section of the tutorial, we will discuss theoretical hypotheses derived from the traditional economic perspectives. Recall that homo economicus is a decision-maker in an uncertain environment. She is generally assumed to be a perfectly rational agent who maintains an estimate of the world's state. If new information leads her to a more beneficial choice, we say that she has derived value from that information.

Without further ado, let us proceed to the formulation of the first hypothesis.

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