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Advantages of the standard model
The standard economic model of consumer behavior
Advantages of the standard model
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02-standard-model
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Advantages of the standard model
Advantages
of the standard model
From
these three assumptions
,
a logically consistent theory of
economic behavior can be built
,
that theory can be used to make predictions about economic behavior, and
those predictions
can be compared with reality
These models often
correspond to actual behavior
Advantages of the standard model
From these three assumptions,
a logically consistent theory of consumer behavior can be built,
that theory can be used to make predictions
about consumer behavior
, and
those predictions can be compared with reality
These models often correspond to actual behavior
Download
1.58 Mb.
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