Sentence examples for economic agent from inspiring English sources

Then, as the third deviation, there is what people call "failure to optimize" or "failure to maximize". We don't have a good term for that third deviation, but what that means is, even if an economic agent had the standard preferences we assume in traditional economics and even if he formed rational beliefs, the whole maximization process doesn't always work out perfectly.

A perfectly selfish and perfectly foresighted economic agent would strike a balance between these two states.

Human capital makes us think of the worker as an individual economic agent, his (and the idea is androcentric) own producer, and the source of his earnings.

What is clear is Mr Rifkin's mistrust of technological change and its most successful economic agent yet, industrial capitalism.Despite its verve, this book is careless in its claims.

The Australian federal police have arrested a man in Sydney over allegedly acting as an economic agent for North Korea, attempting to sell missile components and coal on the international black market.

On a broad note, the presence of externalities means that the impact of the actions of one economic agent has direct or indirect bearings on the other agents in the system.

In classical economics all economic agents seek out their self-interest.

Transaction cost economics has proposed that economic agents be described as opportunistic where this contemplates self-interest seeking with guile.

Dr. Ozaki's academic research focuses on mathematical economics and the decision-theoretic foundation of economic agents' behavior.

Arthur, W. Brian, "On Designing Economic Agents that Behave Like Human Agents," Journal of Evolutionary Economics, 3, 1-22.

The allure of the laboratory experimental method in economics is that, in principle, it provides ceteris paribus observations of individual economic agents, which are otherwise difficult to obtain.