Human market behavior is also complicated and only partially understood. In particular behavior economics finds that humans do all sorts of decisions that violate the rational actor axiom.
At the same time economic theory can still make useful predictions about the behavior of markets.
Human market behavior is also complicated and only partially understood. In particular behavior economics finds that humans do all sorts of decisions that violate the rational actor axiom.
At the same time economic theory can still make useful predictions about the behavior of markets.